Wed, Mar 29, 2023
ITC's cigarettes become costlier! Why did ITC increase the price of cigarettes? What is Morgan Stanley's view on ITC? Watch Morgan Stanley Report on ITC.
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Mon, Mar 27, 2023
The government has brought in amendments in the Finance Bill to cap the maximum rate of GST compensation cess on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price. According to the amendment, the maximum GST compensation cess rate for pan masala will be 51% of the retail sale price per unit, from the current cess charge at 135% ad valorem. The rate for tobacco has been fixed at Rs 4,170 per thousand sticks plus 290% ad valorem or 100% of the retail sale price per unit.
Tue, Jul 04, 2017
ITC Ltd is now has the fourth highest market capitalisation in India, at over Rs 4 lakh crore. Shares of the company rose after clarity on excise duty post Goods and Services Tax roll out.
Wed, May 31, 2017
As per World Bank data, tobacco use kills more than 7 million people every year and costs households and governments over $1.4 trillion through healthcare expenditure and lost productivity.
Wed, Feb 01, 2017
Find out which products will be costlier and cheaper as the Government of India has announced its Union Budget 2017-18 and has hiked customs and excise duties on some products.
Mon, Dec 12, 2016
The government had last week mulled over taxing these products under the pretext of making healthier lifestyle choices. This tax, if implemented may share some of the tobacco excise revenue of which 87% is currently paid by cigarette companies.
Thu, Nov 24, 2016
It would mean FDI would be totally banned in the tobacco segment in any form.
Fri, Nov 04, 2016
The broad based tax structure under the much awaited Goods and Service Tax (GST) were decided by the GST Council to be 0%, 5%, 12%, 18% and 28% on Thursday.
Tue, Aug 16, 2016
While tobacco consumption declined by 5.8% from 2013-14 to 2014-15, it declined by even more between 10.15% from 2014-15 to 2015-16.
Wed, Jun 01, 2016
Many products such as cars, air tickets, cigarettes and even branded clothing will become more expensive from today. Apart from this you can also expect the prices of essentials such as food items including vegetables and other staples to increase.
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