ITC, GST

Shares Of ITC, Varun Beverages Slip On Tuesday After Reports State GST Hike Likely On Tobacco, Aerated Drinks
The cigarette maker, ITC, saw its shares decline 3 per cent in the intra-day trade today, while aerated drinks maker, Varun Beverages, clocked a 5 per cent fall in the market
ITC Shares Dip 3% Amid Concerns Over Proposed 35% GST Hike On Cigarettes
Shares of cigarette companies, including ITC, VST Industries, and Godfrey Phillips, dropped up to 3 per cent on Tuesday following a proposal by the GST Council’s Group of Ministers (GoM) on rate rationalization to increase taxes on sin goods.
ITC, Godfrey Phillips, VST Ind shares drop 3% on proposal to hike GST on cigarettes, tobacco to 35%
The GST panel has reportedly proposed to raise tax slab on cigarettes, tobacco products, and aerated beverages to 35% from the current 28%.
ITC shares dip 1.5%on potential GST rate increase on tobacco products
Shares of ITC Ltd were trading lower by about 1.5 per cent at 11:03 am on the BSE on Tuesday. A businessline report had earlier said that the Group of Ministers (GoM) within the GST Council is likely to recommend a rate hike on tobacco and tobacco-related products from 25 per cent to 35 per cent
Indian shares off to muted start; ITC, Varun Beverages drop on GST hike report
(Reuters) -Indian shares were little changed at the open on Tuesday as consumer stocks fell after a report of a likely tax hike on cigarettes, tobacco and aerated drinks, offsetting broad-based gains.
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes,
ITC, Godfrey Phillips Share Prices Slide On Proposed Higher GST Rate For Tobacco Products
The proposal was made by the Group of Ministers on GST rate rationalisation, chaired by Bihar’s Deputy Chief Minister Samrat Chaudhary.
ITC shares fall over 3% as GoM propose special 35% GST for cigarettes: Should you buy, sell or hold ITC shares?
In line, global brokerage Macquarie maintains an outperform call on the stock with a target of Rs 560- implying an upside of 17.4 per cent. The brokerage said that as the special rate is being proposed for cigarette ITC may be required to increase the prices to make up for the GST increase.
ITC Stock Trades As Biggest Nifty Laggards On Report Of Tax Hike
The ITC stock traded as a laggard in the Nifty 50 with 2 per cent decline after a few reports suggested the 35 per cent increase in tax slab for cigarettes, aerated beverages and other sin goods.  ITC stock traded at Rs 469,
ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks
Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined as much as 3.16%, while VST Industries stock fell 2.27% during Tuesday’s trading.
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Why a GST cut alone may not be enough to lower insurance premiums
Finance Minister Nirmala Sitharaman on Monday (December 2) said the cost of insurance to the policy holder is expected to ...
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Madras HC upholds state GST authorities' power to block ECL for errant firms
CHENNAI: In a significant verdict, the Madras High Court has upheld the authority of the State Goods and Services Tax (GST) ...
GoM's 35 per cent GST proposal raises concerns over impact on cigarettes, luxury cars
A Group of Ministers proposal for 35 per cent GST slab has triggered uncertainty over whether the rate is for sin goods such ...
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GST Hike on Sin Goods Agitates Market
Shares of companies like ITC and Godfrey Phillips fell as the Group of Ministers proposed increasing GST on sin goods to 35% ...