Searched for
TOBACCO NCCD CHANGE
Godfrey Phillips India shares rocket 31% in just 3 sessions! Here’s what’s fuelling the rallyGodfrey Phillips India shares are surging. Companies are raising cigarette prices to cover higher costs, in light of the new tobacco tax re...- Godfrey Phillips, ITC and other cigarette stocks surge up to 20%. What’s driving the rally?Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd jumped rose sharply on Wednesday after reports of cigarette makers rai...
- ITC investors alert: What does a hike in statutory tobacco taxation in Budget fineprint revealITC shares fell nearly 3% during the Budget-day session as investors reacted to the December cigarette tax overhaul kicking in from Februar...
- 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...
- 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...
- Budget 2025: Will ITC shares Budget day winning streak survive tax hike uncertainty?ITC shares have historically performed well on Budget days, but traders are cautious this year due to potential excise duty hikes on cigare...
- How Budget 2025 can walk the tightrope of India's 'sins'Sin Tax Budget 2025: India’s plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarett...
- 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 ...
- Cigarettes won't burn a bigger hole in smoker's pocket this year as Budget leaves prices unchangedThis year's Union Budget was presented on July 23 by Finance Minister Nirmala Sitharaman. No increase was made to the National Calamity Con...
- Budget 2024: Stable taxation to improve cigarette volumesBREAKING: Union Budget for 2024-25 keeps cigarette prices stable! Smokers rejoice as taxes remain unchanged. Analysts predict positive impa...
- ITC shares jump 5% as cigarettes escape tax shocks in BudgetWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies NCCD on cigarettes, subject...
- ITC is the only Sensex stock with 90% win rate on Budget daysITC Stocks on Budget: ITC leads Sensex stocks on Budget days with nine positive returns (avg. 1.47%). IndusInd Bank follows at 80%. Worst I...
- ITC shares may remain range-bound till final Budget after election"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c...
- ITC shares rally over 6% to hit fresh 52-week high. Was the Budget really so good?For ITC, cigarettes constitute more than 80% of the company’s net profit and about 45% of its topline. Therefore, tinkering in taxes has an...
- Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cig...
- Budget 2023 Focus List: Here are 10 key pts to watch out for on WedAlong with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned...
- Budget 2023: Hike in cigarette tax, higher spend on rural schemes on anvil for FMCG cosWhile taxation of tobacco is primarily under the purview of the GST Council, the central government also levies a National Calamity Conting...
- Sensex puts a muted show, but 10 constituents give index-beating weekly returnsFurther, the government is also widely expected to extend tax sops and incentives to more sectors and sub-sectors under the production-link...
- After 2 years of goldilocks period, will FY24 Budget be a boon or bane for ITC?If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any...
- Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobaccoPrice of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in du...
Load More
