Tag: itc
Reduced RoDTEP rates not applicable to exports of agri, processed food products: Govt
New Delhi: The government on Tuesday clarified that the reduced rates and value caps under the export support scheme RoDTEP are not applicable to the…
ITC market cap erodes by ₹63,000 crore as ‘tax shock’ stokes concerns on profitability| Business News
India’s largest cigarette maker ITC Ltd. wiped out nearly $7 billion (~ ₹63,000 crore) in market capitalisation after the government’s cigarette “tax shock” stoked concerns…
Budget 2026: A top-up on tax reforms can shore up consumer confidence
India’s economy continues to demonstrate robust resilience, with domestic consumption serving as its strongest growth driver. As the Union Budget 2026 draws near, policy discussions…
ITC shares plunge most in six years after India raises tobacco, cigarette tax| Business News
Shares of India’s largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. ITC is…
Investment pledges surge, jute and tea sectors under strain in West Bengal
Record investment pledges and a renewed push on infrastructure and technology marked 2025 for West Bengal’s economy, even as legacy sectors such as jute and…
DPIIT inks pacts with over 50 firms to promote mfg, innovation ecosystem for startups
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has so far inked pacts with over 50 firms, including ITC, Flipkart, and…
D2C startups in big FMCG bag, but still shy of gains
Direct-to-consumer (D2C) startups leapfrogged the scale of their businesses after getting acquired by India’s top consumer goods companies, but profits remain elusive, showed an analysis…
GST collections may dip initially, but festive demand will offset: CBIC chief
The Central Board of Indirect Taxes and Customs (CBIC) indicated on Thursday that Goods and Services Tax (GST) collections could see a temporary dip in…
Navigating the evolution of Input Service Distributor under GST
The concept of Input Service Distributor (“ISD”) has passed through from the Service Tax regime to the GST regime. Despite the concept not being new,…
GST ITC restriction on CSR spend: Why businesses are worried about potential challenges
Seamless flow of Input Tax Credit (ITC) is the cornerstone of a robust Value-Added Tax (VAT) architecture. Simply put, say Company A – whether a…