{"id":87091,"date":"2023-02-01T13:12:00","date_gmt":"2023-02-01T07:42:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=87091"},"modified":"2023-02-01T13:12:48","modified_gmt":"2023-02-01T07:42:48","slug":"tax-rates-increased-on-tobacco-and-cigarettes","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tax-rates-increased-on-tobacco-and-cigarettes\/","title":{"rendered":"Tax Rates increased on Tobacco and Cigarettes"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-842208112\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>During the budget of 2023-23, the Finance Minister has announced a steep increase on the National calamity cess on cigarettes and tobacco causing the shares of ITC, Godfrey Phillips, and VST Industries of decline as of Wednesday<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2139257077\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Government has increased the National calamity cess on cigarettes to 16%. The last time the government had increased this tax was during the budget of FY21 which was 2-4 times across the cigarette stick sizes, this has resulted in tax hikes of 9-15%<\/p><p>After the announcement of this news, the shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/ITC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ITC ltd<\/strong><\/a>, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GODFRYPHLP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Godfrey Philips<\/a><\/strong> and Vst Industries fell immediately after the announcement of the tax hikes.&nbsp;<\/p><p>While the shares of ITC ltd and Vst Industries have managed to recover immediately after this fall, the shares of Godfrey Philips are still at a negative of 2.68%.<\/p><div class=\"trade-content_5\" id=\"trade-2892980211\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This resultant tax increase will increase the overall prices of cigarettes which will be paid by the consumers&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Aaron Vas<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2028696872\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>During the budget of 2023-23, the Finance Minister has announced a steep increase on the National calamity cess on cigarettes and tobacco causing the shares of ITC, Godfrey Phillips, and VST Industries of decline as of Wednesday The Government has increased the National calamity cess on cigarettes to 16%. The last time the government had [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":53176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5401,5773,5775,948,936,3153,3157,2597,5774],"class_list":["post-87091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-budget-2023","tag-budget-2023-stocks","tag-cigarette-stocks","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-budget-2023"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Rates increased on Tobacco and Cigarettes - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"During the budget of 2023-23, the Finance Minister has announced a steep increase on the National calamity cess on cigarettes and tobacco causing the shares of ITC, Godfrey Phillips, and VST Industries of decline as of Wednesday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tax-rates-increased-on-tobacco-and-cigarettes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Rates increased on Tobacco and Cigarettes\" \/>\n<meta property=\"og:description\" content=\"During the budget of 2023-23, the Finance Minister has announced a steep increase on the National calamity cess on cigarettes and tobacco causing the shares of ITC, Godfrey Phillips, and VST Industries of decline as of Wednesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tax-rates-increased-on-tobacco-and-cigarettes\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-01T07:42:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-01T07:42:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/07\/Ciggerate-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/07\/Ciggerate-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tax-rates-increased-on-tobacco-and-cigarettes\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tax-rates-increased-on-tobacco-and-cigarettes\/\",\"name\":\"Tax Rates increased on Tobacco and Cigarettes - 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