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<p>VST Industries Q1 FY27

In the Indian cigarette industry the government is at once the largest stakeholder, the fiercest critic and the pricing committee. Company filings record that Compensation Cess on cigarettes was cut to nil on 1 February 2026. GST and Excise Duty were raised significantly in the same breath. The change altered nothing about the product and a great deal about the accounting. VST's June quarter carried ₹605.25 crore of excise duty against ₹861.27 crore of gross sales.

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VST Industries Q1 FY27
In the Indian cigarette industry the government is at once the largest stakeholder, the fiercest critic and the pricing committee. Company filings record that Compensation Cess on cigarettes was cut to nil on 1 February 2026. GST and Excise Duty were raised significantly in the same breath. The change altered nothing about the product and a great deal about the accounting. VST's June quarter carried ₹605.25 crore of excise duty against ₹861.27 crore of gross sales.
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VST Industries Q1 FY27 In the Indian cigarette industry the government is at once the largest stakeholder, the fiercest critic and the pricing committee. Company filings record that Compensation Cess on cigarettes was cut to nil on 1 February 2026. GST and Excise Duty were raised significantly in the same breath. The change altered nothing about the product and a great deal about the accounting. VST's June quarter carried ₹605.25 crore of excise duty against ₹861.27 crore of gross sales. Link in comments

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