gst in tobacco New Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted GoM Proposes A New Special

GoM Proposes A New Special GST Rate Of 35% On Tobacco & Aerated Beverages: Sources CNBC TV18 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 GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21 40% GST on Tobacco Products Cigarettes, pan masala & gutkha now come under higher taxation [gst update, tobacco tax india, cigarette gst, hike, prices, pan masala gst, gutkha tax, government notification GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; Council decision on Dec 21 The Group of Ministers on #GST rate rationalization has proposed increasing the #tax on aerated beverages, cigarettes, and tobacco products from 28% to 35%. Changes to GST rates on apparel and other

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