GST Network enables functionality to help GST payers on ITC eligibility

GST Network enables functionality to help GST payers on ITC eligibility

New Delhi: GST Network on Tuesday said it has enabled a functionality to help GST payers know their input tax credit (ITC) eligibility in their Annual Return, making it more convenient to file GSTR-9. So far, the GST system used to compute eligible ITC based on suppliers’ sales return GSTR-1, but the break-up at the … Read more

Cigarette companies: Price hikes with higher volumes hold promise

Cigarette companies: Price hikes with higher volumes hold promise

Shares of cigarette companies have rallied over the past one month, with the three leading cigarette makers ITC, Godfrey Philips and VST Industries hitting record highs. All the three stocks have posted robust returns in the past one year, significantly outperforming the benchmark Sensex, helped by favourable taxation and increase in cost of competing tobacco … Read more