gst on tobacco New Rates: 40% Luxury Goods & Tobacco; Insurance Policies Exempted GoM Proposes to Raise GST

GoM Proposes to Raise GST Tier on Tobacco and Sugar Sweetened Beverages GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21 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 GST on cigarettes and tobacco has been increased from 28% to 40%, but on bidis, paradoxically, reduced from 28% to 18%. Why? Is it because Adani Ambani smoke bidis?

SKU: 14626906993 · From iglepidom.org