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ITCs Cigarettes Become Costlier! Watch Morgan Stanley Report On ITC

ITCs Cigarettes Become Costlier! Watch Morgan Stanley Report On ITC

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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Centre Caps Maximum GST Cess Rate On Pan-Masala And Cigarettes; Here Are All The Details

Centre Caps Maximum GST Cess Rate On Pan-Masala And Cigarettes; Here Are All The Details

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.

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GST helps ITC enter the 'Rs 4-lakh crore market cap' club

GST helps ITC enter the 'Rs 4-lakh crore market cap' club

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. 

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World No Tobacco Day 2017: 19% quit smoking because of rising costs

World No Tobacco Day 2017: 19% quit smoking because of rising costs

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.

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Here's list of products proposed in Budget 2017 set to be costlier, cheaper

Here's list of products proposed in Budget 2017 set to be costlier, cheaper

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.

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Bidi tax to benefit cigarette manufacturers most?

Bidi tax to benefit cigarette manufacturers most?

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.

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Cabinet note sent for complete FDI ban in tobacco: Nirmala Sitharaman

Cabinet note sent for complete FDI ban in tobacco: Nirmala Sitharaman

Thu, Nov 24, 2016

It would mean FDI would be totally banned in the tobacco segment in any form. 

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A day in the life of Indian consumers after GST

A day in the life of Indian consumers after GST

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.

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Increase in taxes, pictorial warning take a toll on tobacco consumption

Increase in taxes, pictorial warning take a toll on tobacco consumption

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.

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Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

Say goodbye to your salary! Prices of these items, petrol, air travel, non-subsidised LPG cylinder are higher from June 1

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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