GST on aerated beverages may be hiked to 35%; GST council decision on Dec 21
The GoM on GST rate rationalisation has proposed increasing the tax on aerated beverages to 35% from 28% and similarly raising taxes on sin goods like tobacco and cigarettes. The GST Council will discuss these changes on December 21.
GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know
The Group of Ministers on rate rationalisation has finalised its report, which will be presented to the GST Council, reported PTI on Monday. The GoM will likely propose a tax hike on cigarettes, tobacco,
GST Hike on Aerated Beverages Likely
According to the report, the GoM's report on tariff rationalisation was completed on Monday and would be given to the council.
'Are They Out Of Their Minds?': Netizens React To 35% GST Proposal On Aerated Beverages & Tobacco
In addition, the GoM has also proposed a hike in the GST rates levied on various direct consumer goods, including handbags, cosmetics and watches. In addition, a proposal to impose a GST rate of 18 per cent on Ready Made Garments worth Rs 1,500 - Rs 10,000 has also been made.
Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%
Shares of Varun Beverages fell by 5.2% as the Group of Ministers proposed raising the GST rate on aerated drinks to 35%. This hike in taxes affects Varun Beverages significantly since most of its revenue comes from India’s aerated beverages segment.
ITC, Varun Beverages Shares Fall Up To 5% On Possible Hike In GST Rate To 35%
Shares of ITC Ltd., Varun Beverages Ltd., VST Industries Ltd., and other companies linked to cigarettes and beverages dropped by up to 5%
35% GST — Shares of ITC, Varun Beverages fall up to 5% after CNBC-TV18 newsbreak
Cigarettes is a significant contributor to ITC's overall topline and is one of the major businesses for the company aside of FMCG & other, Agri, Paper and Hotels.
Varun Beverages shares fall 5% on possible hike in GST rate to 35%
The Group of Ministers on GST rate rationalisation has recommended to raise tax on aerated beverages to 35% from the current 28%.
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 ...
GST rates to be revised for 148 items? Special 35% rate proposed for tobacco, aerated water, say sources
The Group of Ministers (GoM) on Rate Rationalisation—a high-level panel that decides changes in the GST rate structure—is ...
Stocks impacted by proposed GST changes on demerit goods, insurance
The proposed hike in GST for demerit goods has impacted several stocks tied to these industries. Meanwhile, insurance stocks ...
Ahead of GST Council meet, why is 35% GST trending today?
The figure 35% trended in India today, and the number has a decision behind it. Tax on aerated drinks, cigarettes and demerit ...
55th GST Council Meeting Ahead: Tobacco, Insurance, To Bottled Water, GST Rates Of 148 Items To Change?
Ahead of the meeting, the group of ministers (GoM) has reportedly proposed key changes in GST rates for a whopping 148 items.
ITC & Godfrey Phillips Shares Tumble As Government Mulls A 35% 'Special' GST On Tobacco Products
The Union government and its Group of Ministers (GoM) has created ripples in the intraday trade on Tuesday, December 3. This ...
Tobacco GST becomes top trending topic on Google search
The proposed hike in GST on aerated drinks, cigarettes, and tobacco to 35% has propelled “Tobacco GST” to one of the top ...
Centre detects GST evasion worth Rs 824.14 crore by crypto exchanges
The Centre has detected goods and services tax (GST) evasion worth Rs 824.14 crore by crypto exchanges, such as Binance, ...