ITC to pass full benefit of GST rate cut to consumers across relevant pdts
This story was originally published at 19:31 IST on 18 September 2025
Register to read our real-time news.Informist, Thursday, Sept. 18, 2025
KOLKATA – As the new Goods and Services Tax structure becomes effective across the country Sept. 22 onwards, consumer goods major ITC Ltd. Thursday said it will pass on full benefits of the tax rationalisation across applicable products.
"At ITC, we will pass on the full benefits of the GST rationalisation across applicable products. Our FMCG businesses span a large range of categories, products and SKUs (stock keeping units), which reach almost 7 million outlets across the nation," B. Sumant, executive director at ITC, said in a statement.
Sumant said ITC has initiated an extensive exercise of informing all trade partners about the price revisions of its products across categories so that the commensurate benefits arising out of revised GST rates are passed on to the end consumer. The company is also taking the necessary steps to notify consumers about the ensuing benefits.
"The government's Next Generation GST reforms have been transformative for both consumers and businesses, improving ease of living and ease of doing business," Sumant said in the statement. "The GST rate rationalisation across various sectors will surely bring relief to consumers through enhanced affordability, boosting consumption, and strengthening investments, growth and employment."
On Thursday, shares of ITC closed 0.6% higher at INR 411.55 on the National Stock Exchange. End
Reported by Avishek Rakshit
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
