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22.93
New GST Rates: 40% on Luxury Goods and Tobacco Products, Insurance Policies Exempted
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India's new GST rates excerberate tax differences among tobacco products, a contravention of WHO FCTC guideline
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Budget 2026 tightens the screws on tobacco.📈 Higher GST, a steep jump in NCCD, and a shift to retail-price–linked excise mean higher prices and rising pressure on margins. With total tax incidence… |
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Smoking just got more expensive in India. From February 1, tobacco products now attract an effective 40% GST as the Centre rolls out a revised excise duty structure. The new regime links
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The Indian government has announced higher GST rates on tobacco-related products starting February 1. Pan masala, cigarettes, tobacco and similar items will now attract a 40% GST, while biris will be taxed
29.38
Government Notifies Retail Sale Price–Based Valuation under GST for Pan Masala, Tobacco and Cigarette Products w.e.f. 1st February 2026
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