ITC hits 15-year low post cigarette cess hike: Should you buy? – Economic Times

July 18, 2017
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Economic Times
With a fall of over 12 per cent, ITC was among top losers in the Nifty index. Shares of ITC plunged after the GST Council on Monday raised the cess on cigarettes to take away an estimated Rs 5,000 crore annual ‘windfall’ manufacturers could have reaped …
GST Council Hikes Compensation Cess On CigarettesNDTV
GST Council hikes cess on cigarette, says it will offset estimated Rs 5000 cr windfall for cos from lower ratesFirstpost
Govt raises cess on cigarettes, expects prices to stay sameTimes of India
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