Tag: GST hike

Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report

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The GoM report is expected to be discussed by the GST Council on December 21(Representational) New Delhi: Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to…

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

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Currently, GST is a four-tier tax structure with slabs at 5, 12, 18, and 28 per cent. (Representational) New Delhi: 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…

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