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Cigarette makers drop as GST Council hikes cess; ITC biggest loser

Cigarette makers drop as GST Council hikes cess; ITC biggest loser

Tue, Jul 18, 2017

The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.

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