Cigarette Cess News

Market

ITC’s investors await a smoke signal

Between early July, when goods and services tax (GST) was introduced, and now, the broad FMCG sector's valuations have moved way ahead of ITC's

2 min read19 Dec 2017
Market

ITC: Done in by the cigarette cess hike, but not out yet

What seemed like a windfall for ITC, in the form of a stable tax regime and a lower tax outgo under GST, went wrong after a sharp hike in the cess on cigarettes

2 min read30 Oct 2017
Market

ITC shares bear brunt of cigarette cess hike

ITC shares closed 12.63% lower at Rs284.60 on BSE on Tuesday, wiping Rs50,000 crore off the company's valuation, a day after GST Council hiked cess pn cigarettes

2 min read19 Jul 2017

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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