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GST ON CIGARETTES
VST Industries shares slide 4% after Q1 profit drops 25%, revenue falls 13%VST Industries shares fell over 4% on Wednesday after reporting a 25% YoY drop in Q1 FY27 net profit to Rs 42 crore and a 13% drop in reven...29 Jul, 2026, 10.05 AM IST- ITC's packaged foods business crosses $2 billion in revenueITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was ...27 Jun, 2026, 03.38 PM IST
- No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...24 Jun, 2026, 12.58 PM IST
- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...03 Jun, 2026, 12.01 PM IST
- 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...01 Jan, 2026, 02.20 PM IST
- Tobacco prices set to rise 5–6% as GST council clears 40% slabTobacco products may become more expensive. The GST Council increased tax on items like cigarettes and pan masala. The new GST rate will li...03 Sep, 2025, 11.56 PM IST
- 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...20 Feb, 2025, 10.18 AM IST
- ITC shares fall 3% as GST on cigarettes may be hiked to 35%ITC share price: Shares of companies like ITC and Godfrey Phillips fell as the GoM decided to increase GST on tobacco and aerated beverages...03 Dec, 2024, 10.08 AM IST
- Sale of single cigarettes to be banned by Parliament to reduce tobacco consumptionEmphasizing the side effects of tobacco, the Standing Committee has proposed a ban on the sale and production of all single cigarettes to t...12 Dec, 2022, 12.15 PM IST
- Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burdenCigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are...03 Jul, 2019, 01.25 PM IST
- 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...19 Jan, 2018, 06.17 PM IST
- Higher taxation killing Indian cigarette brandsIn last 6 years, there has been 202% increase in taxation on cigarettes. There is no logic that legal cigarettes, accounting for only 11% o...29 Jul, 2017, 01.00 AM IST
- Additional tax on cigarette would exacerbate legal sales: ITC"The additional tax burden caused by the increase in compensation Cess rates...will exacerbate the pressure on the entire legal cigarette v...27 Jul, 2017, 09.01 PM IST
- Cigarette industry body wants GST Council to roll back tax increaseThe GST Council at its meeting on Monday increased the compensation cess rate on various segments of cigarettes ranging from Rs 485 to Rs 7...18 Jul, 2017, 08.03 PM IST
- GST Council raises cess on cigarettes to fix anomaly under GSTWhile reduction in tax incidence on items of mass consumption would be welcome, it would be unacceptable in case of demerit goods like ciga...18 Jul, 2017, 10.33 AM IST
- Government has last laugh on GST cigarette issueThe ITC stock surged to a record high two weeks ago after the announcement that overall GST rates were reducing the overall tax incidence o...18 Jul, 2017, 01.13 AM IST
- 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...17 Feb, 2012, 04.41 PM IST
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