GENERAL23 Sept 2026
ITC, Godfrey Phillips shares rise up to 2% | What’s driving the rally? | Stock Market News
ITC has raised the price of a 10-stick pack of Gold Flake Premium cigarettes from ₹125 to ₹135, an 8% hike, after a 40% GST rate and extra excise duty took effect on 1 February 2026. ITC and Godfrey Phillips shares rose up to 2%. If you run a paan shop, hotel or retail counter, check your printed price lists and expect similar brand-wise revisions.
Key Statutory Highlights
- ITC raised the price of a 10-stick pack of Gold Flake Premium to ₹135 from ₹125, an 8% hike.
- Gold Flake Premium is now 17.4% costlier in 2026, with the pack moving from ₹115 to ₹135.
- From 1 February 2026, a 40% GST rate applies to cigarettes along with an added excise duty.
Actionable Advice for Taxpayers / Founders:If you sell cigarettes, check your current stock and printed price list, and confirm the revised MRP with your distributor before you change billing rates.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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