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GST 2.0 TOBACCO
FRAI calls on government to reevaluate tobacco excise duty to protect small retailersThe Federation of Retailer Association of India voices strong worries about a significant tax hike on legal tobacco products. This move thr...- ITC shares in focus as stock hits 3-year low, brokerages downgrade after steep excise duty hike on cigarettesITC shares slid to a three-year low after a sharp tobacco tax hike triggered widespread brokerage downgrades. Analysts warn that higher exc...
- GST reforms will continue, PM Modi saysPrime Minister Narendra Modi emphasized the advantages of lowered GST rates and affirmed the ongoing nature of GST reforms to bolster India...
- New GST rates: You missed the deals that may not return nowIndia's GST Council has introduced GST 2.0, cutting rates on essentials to boost consumption before Diwali, while increasing taxes on luxur...
- Lower GST rates to ease tax burdens, empower MSMEs, and accelerate formalisation: ReportThe government plans to implement GST 2.0. This initiative aims to reduce the tax burden on households and support MSMEs. It will also prom...
- GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are falseThe CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming...
- GST Council slashes tax slabs to two to spur consumption; announces key measures for middle classGST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax sl...
- Govt to monitor GST rate cuts to ensure relief reaches common man: MinisterThe finance ministry will closely monitor the implementation of reduced GST rates to ensure the relief reaches the common man, according to...
- ITC shares surge 3% on GST tweaks in cigarettes, other tobacco productsITC shares experienced a surge following the GST Council's announcement that the existing 28% GST plus compensation cess on tobacco product...
- Congress terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continuesThe Congress party has criticized the GST Council's overhaul of the GST regime, calling it "GST 1.5" and questioning its ability to stimula...
- GST 2.0 with two-slab structure to roll out from September 22India's GST framework is undergoing a significant overhaul, set to begin on September 22nd, simplifying the existing four slabs into a two-...
- GST Council defers rollout of 40% tax on tobacco and pan masalaThe Goods and Services Tax Council decided on GST 2.0. The new tax overhaul will be live from September 22, 2025. A simplified two-slab sys...
- GST rate cut: What's in store for 36 lakh ITC shareholders? Jefferies analysts decodeITC shares have delivered no returns in two years amid GST, BAT stake sale, and Marlboro concerns. Jefferies expects revenue-neutral GST ch...
- GST rate rejig to give Rs 1.98 lakh cr consumption boost, yearly revenue loss seen at Rs 85,000 cr: ReportGST reforms are on the horizon. These reforms may bring a two-tier tax structure. Household goods may see lower tax rates. An SBI Research ...
- Govt likely to slash GST on insurance premiums to nil, says reportThe government plans to reduce GST on insurance premiums from 18% to 5% or even zero, as part of the upcoming GST 2.0 reforms aimed at simp...
- GST 2.0 reforms: Centre mulls extra duty on tobacco, states want shareTo maintain overall taxation on tobacco products post GST 2.0 reforms, the Centre may impose additional excise or special duty above the pr...
- Alcohol, cigarette, gaming stocks slide up to 4.5% as govt proposes 40% sin tax under GST 2.0 overhaulThe government is planning GST 2.0. It may include a 40% tax on alcohol, cigarettes, and gaming. Consequently, shares of Godfrey Phillips, ...
- Insurance stocks surge up to 5% as Govt to consider GST cut on health and term insurance premiumsInsurance company stocks experienced a surge following the anticipation of a significant GST rate cut on health and term insurance, a long-...
- Cigarette stocks ITC, Godfrey Phillips, VST down up to 4%. Here's whyFollowing the news, VST Industries shares fell 4% to day's low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to...
- 'Sin Tax' on tobacco below 40% to have negative impact: Voluntary Health Association of AssamVHAA demanded at least 40 per cent sin tax with a provision for states' right to impose top-up taxes on all types of tobacco, like cigarett...
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