gst on tobacco ITC Share Price Tumbles As Panel Suggests 35% Tax Cigarettes, Budget 2026 tightens the screws

Budget 2026 tightens the screws on tobacco. Higher GST, a steep jump in NCCD, and a shift to retail pricelinked excise mean higher prices and rising pressure on margins. With total tax incidence 40% GST from Feb 1: How Much a Cigarette Costs New GST Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; Council decision on Dec 21 So the new GST proposal says: Cigars & Cigarettes 28% 40% Tobacco 28% 40% Bidis 28% 18% Looks like the government just launched a new campaign Vocal for Local Bidi Edition! Akash Shinde 126 comments GST compensation cess on tobacco to end Feb 1 as Centre rolls out a new tobacco tax framework. Visit the website to learn more! #gst #gstcess #tobaccotax #taxreform #indianeconomy #policyupdate #financialnews #businessnews #

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