Gst On Cigarettes

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  GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%

  The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.

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  GST Intelligence Cracks Whip On Pan Masala Manufacturers

  GST intelligence officials carried out more than 50 search operations in the last one month at various premises of pan masala and cigarette manufacturers in Indore and detected tax evasion worth over Rs 500 crore, according to an official statement issued on Friday.

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  Sensex Hits Record Close Of 36,718, Nifty Ends At 6-Month High

  Domestic share markets started the week on a strong note, with the BSE Sensex posting a fresh all-time closing high. The BSE benchmark index Sensex gained 222 points, or 0.61 per cent, to settle at 36,718 while the NSE Nifty ended at 11,084, up 74 points or 0.68 per cent - its highest close since January 29. During the session, the Sensex registere...

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  GST Council Cuts Rates On Used Cars, Diamonds. Full List Here

  The GST Council also considered simplification of the return filing process during the meeting.

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  GST Council Hikes Compensation Cess On Cigarettes

  Cigarettes have been kept in the highest GST slab of 28 per cent in line with the weighted average VAT rate of 28.7 per cent in the earlier regime.

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  GST Council Hikes Cess On Cigarette To Offset Makers' Windfall

  The increase in cess would bring in Rs 5,000 crore of additional tax revenue, the GST council said.

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  Revenue Department Removes Additional Excise Duty On Cigarettes, Tobacco

  Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.

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  Sensex Rises Over 300 Points, Nifty Regains 9,600; ITC Jumps

  ITC shares surged with analysts attributing the sharp move to a more or less status quo in terms of taxation on cigarettes in the new GST regime.

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  GST Rollout Boosts Nifty, ITC Surges 6%

  ITC shares surged with analysts attributing the sharp move to a more or less status quo in terms of taxation on cigarettes in the new GST regime.

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  ITC Surges 10% In Two Days On GST Boost. Should You Buy?

  Cigarette division contributed nearly two-thirds of ITC's total revenues and after clarity coming on its taxation, the stock looks good from a long-term perspective.

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  Pan Masala Gutkha To Attract 204% Cess, SUVs 15%

  Large cars with engine greater than 1500 cc and SUVs with length more than 4m and engine greater than 1500 cc will attract cess of 15 per cent.

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  Tobacco Farmers Seek Balanced Taxation Under GST

  Aiming to check cigarette smuggling into the country, farmers' body FAIFA on Monday urged Finance Minister Arun Jaitley to protect the Indian tobacco farmers' interests through balanced and uniform taxation under the GST.

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  GST: What Will Become Cheaper And More Expensive

  The adoption of the GST regime will make manufacturing cheaper, leading to lower prices of a number of manufactured goods. On the other hand, services are likely to become costlier under the GST.

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  ITC Slumps as GST Panel Proposes 40% Tax on Tobacco Products

  The government-appointed Arvind Subramanian panel's recommendation of a steep 40 per cent tax on tobacco products triggered a selloff in cigarette makers such as ITC, Godfrey Philips and VST Industries.