The High Court ruled that GST authorities must consider binding CBIC circulars on valuation. Failure to do so makes demands ...

ITC and Godfrey Phillips' stocks fell in early trade after the Centre announced a new tax on cigarettes, effective February 1 ...

Stakeholders seek more time for GSTR-9 and 9C as new ITC reporting rules introduce granular, multi-year reconciliations that ...

Why tobacco stocks are falling after the government notifies higher excise duties on cigarettes, effective February 1; ...

The sharp selloff has wiped off around Rs 72,000 crore from the company’s market capitalization in just two days.

The GST order mainly alleges the levy of tax under the Reverse Charge Mechanism and excess availment of Input Tax Credit (ITC ...

Officials investigate a multi-crore GST scam in Chittoor involving fake tax claims using credentials of daily-wage earners.

The cigarette segment is crucial to ITC, contributing nearly 42% and a much higher 83% to the company’s standalone total ...

ITC might need to hike prices by “at least 15%” to pass on the overall impact to consumers, if not higher. ITC gets over 40% ...

The brokerage expects the price hike will have a significant impact on volumes, pressure margins, increase illicit trade, ...