ITC shares face scrutiny as the GST Council maintains a 28% GST on tobacco, increasing compensation cess up to 40%. Effective September 22, 2025, taxes will be based on Retail Sale Price, potentially impacting ITC’s profits. While other FMCG sectors gain tax relief, tobacco remains highly taxed due to fiscal prudence.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets