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ITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially benefiting ITC. Brokerages predict a possible reduction in ITC's tax burden. A new 40% tax slab is proposed for certain goods. Experts believe this shift could lower prices and boost competitiveness against illicit markets.
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News and Media
Bajaj Finserv and Bajaj Finance shares jumped following the government's GST rate reduction on consumer durables like air conditioners and televisions. The GST cut, from 28% to 18%, is anticipated to stimulate retail demand, especially during the festive season. Bajaj Finance is expected to benefit from increased loan disbursals due to more affordable EMIs.
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News and Media
Delta Corp and Nazara Technologies shares plunged following the GST Council's approval of a 40% tax on casinos, betting, and online gaming. Delta Corp faced a 7.2% drop, while Nazara Technologies also experienced a decline. This decision comes after Delta Corp shelved its Goa resort-cum-casino project due to GST uncertainty.
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News and Media
Agri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, farm machinery, and dairy products. The cuts, effective September 22, aim to ease costs for farmers and consumers.
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News and Media
New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. Popcorn, paranthas, and paneer now have simplified rates, with pre-packaged and labelled items taxed at 5%. Online gaming and IPL tickets will face a higher 40% GST.
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News and Media
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