Taxing times for ITC, Godfrey Phillips
Stocks of major cigarette makers ITC and Godfrey Philips saw a massive slump on Thursday after the government announced additional taxes on cigarettes and various tobacco products.
Tag: GST on cigarette
GST rates on cigarettes, drinks, and luxury cars may rise amid cess revamp talks: Reports
GST rates on items like cigarettes, carbonated drinks, and high-end cars may go up soon, as per a report by NDTV. According to government sources cited by NDTV Profit, the center is considering replacing the current compensation cess with a new health and green cess.
Cigarette prices set to rise? Government may hike GST on tobacco products
The government may increase the Goods and Services Tax (GST) on cigarettes and other tobacco products, according to a report by The Economic Times (ET). This change could happen once the government stops levying the compensation cess on these products.