Godfrey Phillips Faces ₹24.72L GST Penalty Order

Godfrey Phillips India receives GST order with penalty of ₹24.72 lakh for alleged irregular Input Tax Credit utilization. Company evaluates appeal options, states no material financial impact.

Godfrey Phillips Faces GST Penalty of ₹11.98 Lakh

Godfrey Phillips India receives GST order with penalty of ₹11.98 lakh for alleged irregular Input Tax Credit utilization. Company evaluates appeal options, states no material impact on operations.

Godfrey Phillips Files ₹344.49 Cr Insurance Claim

Godfrey Phillips India files insurance claim worth ₹344.49 crores for fire damage at third-party tobacco processing plant in Andhra Pradesh. Company expects no material impact on financials.

Lok Sabha Approves New Excise Duty Bill Targeting Tobacco Products with Higher Tax Rates

The Lok Sabha has approved a new excise duty bill for tobacco products, proposing 60-70% duty on unmanufactured tobacco and 25% or ₹5,000 per 1,000 cigar sticks. The legislation will impact tobacco companies like Godfrey Phillips India through increased taxation on their products.