Gst On Cigarettes

GST 2.0: ITC, VST Industries shares fall as Govt eyes extra tobacco tax

Tobacco stocks like ITC, VST and Sinnar Bidi fell up to 5 per cent today after govt signaled an extra GST cess on cigarettes and bidis, raising margin risks. Analysts suggest stock strategy ahead

ITC hits over 8-month low, falls below Rs 400 mark; down 14% post Budget

According to media reports, the Indian government could consider raising GST on cigarettes and other tobacco products to 40 per cent once levy of compensation cess on cigarettes is stopped

ITC hits new 52-week high, up 18% in 5 days; board to mull interim dividend

The stock jumped 4 per cent in Friday's intra-day trade to hit 52-week high of Rs 239 on the BSE

Higher tax rate on cigarette would exacerbate legal sales: ITC

The legal cigarette industry has witnessed a 25% decline in volumes from FY12-13

Cigarettes won't get costlier, want smooth roll-out of GST: CBEC chief

Sarna assured that only a rectification of imbalance was made, with no impact on price of cigarettes

Cigarettes get costlier? GST Council raises cess to fix tax anomaly

Changes applicable from midnight of July 17, govt to gain Rs 5,000 in revenue annually