Cigarette makers in demand

Shares of three cigarette maker rose by 0.36% ot 2.81% at 11:16 IST on BSE after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday, 10 March 2018.

ITC (up 2.81%), Godfrey Phillips India (up 2.31%) and VST Industries (up 0.36%), edged higher.

The S&P BSE Sensex was up 312.05 points, or 0.94% at 33,619.19.

In the 26th meeting held on Saturday, 10 March 2018, the Goods and Services Tax (GST) Council recommended the introduction of e-way bill for inter-state movement of goods across the country from 1 April 2018. For intra-state movement of goods, e-way bill system will be introduced from a date to be announced in a phased manner but not later than 1 June 2018.

 

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