The Delhi High Court set aside an order passed by the Assistant Commissioner under Section 73 of the Central Goods and Services Tax Act, 2017 (CGST Act) against Xerox India Limited. The order, dated ...

The main goal is to ensure that tax revenue from tobacco products remains stable after the compensation cess ends in March 2026.

Shares of tobacco manufacturer declined by 4% to 1% following media reports suggested that Goods and Services Tax (GST) Council might increase consider hiking the GST applicable on cigarettes and ...

The Union Government may raise GST on cigarettes and tobacco from 28% to 40% and add an excise duty to maintain revenue. The ...

5. The aforementioned decision elucidates that Section 73 of the GST Act is attracted only when tax has not been paid or when there is a short payment or when any amount has been erroneously refunded, ...

India is considering increasing GST on tobacco products, including cigarettes, after the cessation of the compensation cess ...

According to media reports, the Indian government could consider raising GST on cigarettes and other tobacco products to 40 ...

Shares of ITC, Godfrey Phillips (maker of Four Square), and VST Industries (producer of Charminar) all dropped significantly.

The shares of diversified conglomerate ITC, Four Square-maker Godfrey Phillips, and Charminar manufacturer VST Industries ...

ITC, Godfrey Phillips India share prices decline up to 3% in the morning trades on Thursday on GST hike concerns. The news ...

Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, ...