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 Gujarat slashes tax on ATF by 5 per cent
 CENVAT Credit can’t be denied If ISD invoices issued for distribution of ITC prior to Registration
 1 step forward, 2 steps back. Is GST going the VAT way?
 1 step forward, 2 steps back. Is GST going the VAT way?
 Pending VAT comes to haunt companies claiming input tax credit
 One-time settlement of VAT, excise disputes in the works
 Haryana government uploads photos of VAT defaulters
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns

ITC stock to hold up unless earnings affected: StanChart
September, 06th 2011

ITC remains an industry favorite even as negative news flow threatens to behead the stock. The move hiking VAT on cigarettes was seen hampering prospects of the industry in the near-term and the stock of ITC took a small knock to sub-200 levels on price-basis from Rs 204 that it was trading at. However, the price has now corrected, trading marginally up at Rs 201. Standard Chartered says that most players will pass on the additional cost incurred on account of the hike.

Speaking to CNBC-TV18, Sanjay Singh, analyst at the research house says that ITC needs to up rates by at least 5-6% for its stock to hold up. He believes that the stock is unlikely to be impacted purely on news flows. ITC will hold up unless earnings get affected, he says.

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