Shares of India’s largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. ITC is India’s largest cigarette maker, drawing 40% revenue from the product category. (Reuters) From 1 February 2026, cigarettes will be charged an excise duty of ₹2,050-8,500 per 1,000 sticks, according to […]
The government has imposed additional excise duty on tobacco products like cigarettes, effective 1 February 2025. That pulled down stocks of ITC and Godfrey Philips. Image for representational purposes only. (Pixabay) This is a developing story. More to come. Source link
NEW DELHI: The government on Wednesday formally annulled the vestige of compensation cess on sin goods such as cigarettes and tobacco products from the Goods and Services Tax regime as decided by the 56th GST Council on September 3. The 56th GST Council decided to remove compensation cess in a phased manner until the remaining […]
