gst in tobacco New Rates: 40% on Luxury Goods and Products, Insurance Policies Exempted GST Change for Tobacco Products

GST Change for Tobacco Products New GST Rates & Rules The government may soon raise GST on cigarettes and tobacco products as the current compensation cess ends in March 2026. Officials aim to sustain tax revenue without a new cess. Currently taxed GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21 Centre imposes extra excise duty on tobacco products, cess on pan masala to take effect February 1 India Today INDIA'S GST COUNCIL MAY RAISE TAX RATES ON AERATED DRINKS AND TOBACCO PRODUCTS TO 35%, IMPACTING CONSUMER PRICES AND INDUSTRY DYNAMICS. India's Goods and Services Tax (GST) Council is contemplating a significant Will 35% GST on Cigarettes and Tobacco Make Your Smoking Habit More Expensive? Outlook Business

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