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BTCC / BTCC Square / Global Cryptocurrency /
ITC Shares Rally on GST Status Quo for Tobacco Products

ITC Shares Rally on GST Status Quo for Tobacco Products

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-04 08:33:01
0
BTCCSquare news:

ITC Ltd. surged 1.53% to ₹418.05 in early trading after India's GST Council maintained the 28% levy plus cess on cigarettes, diverging from broader tax reforms. The stock peaked at ₹427 with deliverable trades dominating 66% of ₹613.74 crore volume.

While the new two-rate GST structure (5%/18%) takes effect September 22, tobacco remains a revenue anchor for state compensation. Peer companies Godfrey Phillips and VST Industries are poised for similar gains under the unchanged regime.

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