Addressing the media post the 19th meeting of the GST Council, Jaitley said that while the ad valorem remains the same; the numerical amount for each category of non-filtered cigarettes (under 65mm, 65-70mm, 70-75mm) has been increased by Rs. 485 per 1000, Rs. 621 per 1000 and Rs. 792 per 1000 respectively.
Finance Minister Arun Jaitley on Monday said that the GST Council has hiked cess on cigarettes to take away the "windfall" manufacturers were reaping due to an anomaly that crept in after the GST rate fixation.
After implementation of GST, cigarettes fall in the highest 28% bracket and attract an additional cess depending on their length.
Up to 65 mm length: The price will increase by Rs 0.485 per cigarette.
ITC shares fell almost 3 percent intraday Monday on fears of likely increase in cess on cigarettes. After 15 days, it was indicated that the impact of cascading effect was not factored adequately, which resulted in windfall profit for companies, which they eventually transferred to the balance sheet.
Inc. Has $272000 Stake in Whiting Petroleum Corporation (WLL)
Whiting Petroleum Corp (NYSE:WLL) now has a trailing P/E of -1.19 while its forward P/E according to Thomson Reuters is -11.95. According to the analysts, Whiting Petroleum Corp (NYSE:WLL) is expected to announce $-0.18/share EPS for the current quarter.
Peltz Launches Proxy Fight with Procter & Gamble
State of Alaska Department of Revenue increased its position in Procter & Gamble Company (The) by 20.6% in the first quarter. JJJ Advisors Inc. bought a new stake in Procter & Gamble Company (The) during the fourth quarter valued at about $149,000.
Jaitley had fixed August 5, as the date for the Council's next meeting. "It has been corrected and the pre-GST rates restored", he said.
The minister further said that over 70 lakh excise, service tax and VAT assessees have migrated to the GSTN portal and over 5 lakh new registrations have happened.
"The agenda is some rate issue", she said. From this it comfortably looks like that the original number of applicants which included duplication. which was 80 lakh, I think we are nearly on the verge of crossing that figure.
"In a large number of products we have seen that input credit helps in bringing down the cost", he said.
The Centre had later introduced a new Rs 500 and Rs 2000 note with the aim of fighting corruption and eliminating black money. The undisclosed income detected in the above actions was of more than Rs 5,400 crore, the government said.
The Spanish outfit are now under a transfer embargo which stops them from signing any players before the January transfer window. Other reports have indicated that Matic could head to Inter, but the move to Juventus is more likely to be on the cards.
Large investors have recently bought and sold shares of the stock. 23 funds opened positions while 45 raised stakes. Eventually, AstraZeneca PLC Drug Manufacturers - Major exhibits an EPS value of 7.30% for the next five years.
Zacks' earnings per share averages are an average based on a survey of research firms that follow Hornbeck Offshore Services. On April 20, 2016 Barclays held the price target at $11.00 but downgraded the company from Overweight to Equal-weight.
Kelly settled a lawsuit in 1997 from a case that alleged he began a sexual relationship with a different singer when she was 15. Kelly backstage at a concert before he invited her to fly out to an Indio concert back in 2015. "But Robert is the devil".
Plusieurs personnes présentes samedi dénoncent également l'insuffisance du dispositif de sécurité et le sous-effectif policier. Le président du Stade de Mbour ne compte pas rester les bras croisés et annonce une plainte devant le parquet de Dakar.
Which Player Will Win the 2018 World Cup Golden Boot?
His Real Madrid side played quite poorly this season and he has been dealing with large shares of the criticism himself. This is something which will only further his playing career and his first accolade may come as soon as this summer.
Delays at Gatwick as plane bursts tyre on take-off
Flights out of Gatwick Airport were briefly put on hold on Monday morning after an Air Canada plane burst a tire on take-off. All flights have been re-routed to the airport's backup runway , setting of delays and cancellations for some travellers.
Amazon lance son service de messagerie instantanée
Des éléments laissent de surcroît penser qu'avec Anytime , les amis peuvent être contactés simplement en utilisant leur nom. Enfin, Anytime donnerait accès à une sélection variée de services, le tout assuré par Amazon ou des applications externes.
US Gov't Court to Block Travel Ban Ruling
The Supreme Court has given Hawaii until Tuesday at noon to file responses to the Justice Department's request. Only the Supreme Court can decide these issues surrounding the travel ban, the Justice Department said.
KODAK EKTRA Smartphone launched in India for Rs. 19990
The scenes available for selection include HDR, Landscape, Portrait, Macro, Bokeh, Night-time, Panorama and a smart Auto mode. The device also features a Super 8 app, providing professional effects reminiscent of Kodak's iconic Super 8 film stocks.