35% GST — Shares of ITC, Varun Beverages fall up to 5
3 days ago · 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. ... Home Market News 35% GST — Shares of ITC, Varun Beverages fall up to 5% after CNBC-TV18 newsbreak. 35% GST — Shares of ITC, Varun Beverages fall up to 5% after CNBC-TV18 ...
ITC shares fall 3% as GST on cigarettes may be hiked to 35%
2 days ago · Shares of cigarette stocks like ITC, Godfrey Phillips, and Charminar-maker VST Industries fell by up to 3% on Tuesday after the GoM on GST rate rationalization decided to hike the tax on sin goods like aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. ITC shares dropped 3% to a day's low of Rs 462.80, while VST Industries shares declined 2.3% to Rs 318. ...
ITC, Varun Beverages Shares Fall Up To 5% On Possible Hike In GST …
2 days ago · Shares of ITC Ltd., Varun Beverages Ltd., VST Industries Ltd., and other companies linked to cigarettes and beverages dropped by up to 5% on Tuesday, December 3, following reports about a potential GST rate revision across several categories. Varun Beverages saw its stock fall by 5% to Rs 600 during intra-day trading, accompanied by heavy volumes.
ITC, Godfrey Phillips, VST Ind shares drop 3% on proposal to hike GST …
2 days ago · The GST panel has reportedly proposed to raise tax slab on cigarettes, tobacco products, and aerated beverages to 35% from the current 28%. ... Reacting to the news, the shares of ITC declined as much as 2.7% to ₹464.10 in the early trade. In a similar trend, Godfrey Phillips shares tumbled 3.1% to ₹5,575.50, while VST Industries stock ...
ITC shares fall over 3% as GoM propose special 35% GST for …
2 days ago · ITC may open with a gap-down anticipating a higher tax on the product in the upcoming GST Council meeting. Get more Stocks News and Business News on Zee Business. ... Stocks to buy ITC share itc share news GST News. Written By: ZeeBiz WebTeam. Updated: Tue, Dec 03, 2024 09:27 AM IST .
ITC shares slide 3% as GoM proposes 35% GST on cigarettes and …
2 days ago · Tobacco GST news: The stock of FMCG has fallen over 1% in the past five trading sessions. ... ITC shares fell 3% after the Group of Ministers on GST rate rationalisation proposed increasing the ...
Explained: Why ITC, Godfrey Phillips shares fell in early trade today
2 days ago · Shares of cigarette companies, including ITC Ltd and Godfrey Phillips India, saw a decline in early trade on Tuesday following reports that the Group of Ministers (GoM) on GST rate rationalisation is considering raising taxes on sin goods like cigarettes, tobacco, and pan masala. Reports also mentioned a proposal to introduce a 35% special GST rate on aerated drinks.
ITC shares dip 1.5%on potential GST rate increase on tobacco …
2 days ago · ITC shares drop as GST Council GoM likely to propose tobacco tax hike to 35%. GST Council likely to recommend rate increase on tobacco, tobacco-related products from 25% to 35% SENSEX 80,719.75
ITC, Godfrey Phillips, Varun Beverages shares slip on report of
2 days ago · 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 ...
ITC, Godfrey Phillips Share Prices Slide On Proposed Higher GST …
2 days ago · Shares of major tobacco companies declined in early trade on Tuesday, following reports of a proposal to tax sin goods, including cigarettes and tobacco products, at 35% under the Goods and Services Tax framework. Stocks of leading tobacco players such as ITC Ltd., Godfrey Phillips Ltd., and VST Industries Ltd. dropped as much as 3%, reacting to the news that the GST Council may consider ...
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