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India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
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Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
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Income Tax Rule 2026: How Will New Changes Affect Taxpayers
After GST and income tax, the government's focus will be on customs reforms. In the 2025-26 budget, the customs tariff slabs have been reduced to eight.
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India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
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Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
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India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
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Video: Donald Trump Claims He "Heard India Will Drop Tariffs Substantially"
Little over twenty-four hours before he drops the reciprocal tariff bomb for the world, including his countrymen to deal with, Donald Trump has made a stunning claim - that he heard India will drop tariffs on US imports substantially.
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India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
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"This Would Be Biggest Trade War": Canada Warns US Amid Trump Threats
Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war.
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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
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'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
-
India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
-
Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
-
Income Tax Rule 2026: How Will New Changes Affect Taxpayers
After GST and income tax, the government's focus will be on customs reforms. In the 2025-26 budget, the customs tariff slabs have been reduced to eight.
-
India Revamps Tax Regime In 2025, New Act Comes Into Effect From April 1
India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption limit, with the spotlight now turning to customs duty rationalisation and procedural simplification in the coming Budget.
-
Can Liquor Come Under GST? What Nirmala Sitharaman Told NDTV
Including liquor for human consumption within the GST ambit - as opposed to it being covered by state excise duties and Value Added Tax - is "entirely dependent" on decisions taken by individual states, Finance Minister Nirmala Sitharaman said.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
-
India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
-
Video: Donald Trump Claims He "Heard India Will Drop Tariffs Substantially"
Little over twenty-four hours before he drops the reciprocal tariff bomb for the world, including his countrymen to deal with, Donald Trump has made a stunning claim - that he heard India will drop tariffs on US imports substantially.
-
India Says "No Commitments" To Tariff Cuts After Trump's Tax Cut Claim
India says it has not committed to slashing import duties on US products, days after President Donald Trump announced that New Delhi had agreed to "cut their tariffs way down".
-
Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
Government Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Finance Minister Nirmala Sitharaman announced the removal of import duties on key mobile phone components in the annual budget, boosting local production and benefiting firms like Apple and Xiaomi. India's electronics production has more than doubled in six years, making the country the world's second-largest mobile phone manufacturer.
-
"This Would Be Biggest Trade War": Canada Warns US Amid Trump Threats
Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war.
-
Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
-
'Tax Collector' Elephant In Sri Lanka Goes Viral For Stopping Vehicles, Seeking Food
Social media users have given their seal of approval to Raja to continue his bureaucratic duties and chomp on bananas and other fruits.
