Tue, May 16, 2023
ITC and Godfrey Phillips have increased cigarette prices by 3-5 per cent, news agency Informist reported.
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Sat, Oct 30, 2021
Godfrey Phillips India Ltd has reported a 2 per cent increase in consolidated net profit at Rs 104.91 crore in the second quarter ended September 30, 2021.
Sat, Aug 11, 2018
Since central excise has been subsumed into GST, Godfrey Phillips India said the levies like GST, GST compensation cess and value added tax (VAT) are not included in revenue from sale of products and services.
Mon, Dec 12, 2016
The government had last week mulled over taxing these products under the pretext of making healthier lifestyle choices. This tax, if implemented may share some of the tobacco excise revenue of which 87% is currently paid by cigarette companies.
Fri, Nov 04, 2016
Finance Minister Arun Jaitley led GST panel yesterday fixed the rate structure, under which they stated that tobacco will be taxed at 65% rate.
Thu, Apr 28, 2016
After the news reports of the government working on a proposal to completely ban foreign direct investment (FDI) in the tobacco sector came in early this week, the shares of cigarette manufacturers have been under pressure.
Tue, Apr 26, 2016
According to news reports, the government is now working on a proposal to completely ban foreign direct investment (FDI) in the tobacco sector.
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