Tag: itc
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…
GST compliance: Ease of GST compliance: Still a distant dream
India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a…
GST filings: System error: How automated notices under GST is leading to proliferation of disputes and litigations
The Goods and Service Tax (GST) has been one of the most complex yet progressive indirect tax reforms implemented in the history of India. The…
Promotional Scheme: Gift or not? The confusion over GST on promotional schemes run by businesses
Businesses now-a-days are adopting new and innovative promotional schemes to attract customers. With increased competition, making space for a new business or even surviving in…