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CIGARETTES TAX LEVY
IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...- 'Wake up ITC shares’: Fund manager uses Mughal-e-Azam meme as stock refuses to participate in Dalal Street celebrations amid India-US trade dealITC shares remained flat despite India-US reaching a trade deal. Higher taxes on cigarettes have impacted the fortunes of the shares of the...
- Higher excise, health cess to kick in on tobacco products, pan masala from February 1New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a he...
- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- Explained: Why ITC shares jumped after GST overhaul hit cigarettesITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially bene...
- Smokey Affair: GST on cigarettes, tobacco products may be raisedIndia is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Revenue Department removes additional excise duty on cigarette, tobaccoThe revenue department also "rescinded" the central excise notification dated February 27, 2010, which deals with excise duty rate on unman...
- Overweight ITC, target Rs 360: Morgan StanleyThe brokerage has set a one-year horizon for the stock to hit the target price.
- Higher tax on cigarettes keeps industry under pressure: ITCThe cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 per cent in last...
- GST is a positive move for the cigarette companies: Sanjay Manyal, ICICI Securities"As there is anti profiteering clause the prices should go down by at least 5-7% or maybe even more which probably will benefit the compani...
- Everything you need to know about GST rates declared so farIf you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional cess.
- GST: Pan masala gutkha to attract 204% cess, SUVs 15%The Centre and states have agreed to impose cess on demerit and luxury goods under the Goods and Services Tax regime, over and above the pe...
- Proposal of 40% GST on aerated drinks, tobacco could severely hit both sectorsExisting excise duty levied on the Rs 14,000-crore soft drink industry, comprising mainly of Coca-Cola and PepsiCo, is 18%.
- Increase taxes on tobacco products to curb demand: WHOEven as India made progress in increasing taxes on cigarettes between 2012-14, it has little effect as the "modest hikes" were compensated ...
- Budget 2012: Maintain tax stability in excise rates for cigarette/tobacco industry, says FICCIExcise Duty rates should be kept unchanged to leverage the tax efficiency of cigarettes by encouraging shifts from non-cigarette forms of c...
- Budget 2011: ASSOCHAM recommends retention of single-point central, specific duty structure for cigarettesIndustry body, ASSOCHAM has recommended retention of single-point central, specific duty structure for cigarettes.
- Assocham seeks removal of VAT on cigarettesIndustry body Assocham has called for the removal of the 12.5% value added tax (VAT) on cigarettes and other tobacco products.
- VAT on cigarettes a huge burden on ITC: DeveshwarITC Ltd, the country's biggest tobacco firm, would face a "huge burden" due to the proposed levy of Value Added Tax (VAT) on cigarettes in ...
- Industry opposes VAT on cigarettesTobacco industry has urged finance minister P Chidambaram to retain the specific duty structure on cigarettes and make it an exception to v...
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