gst in tobacco GoM Proposes A New Special Rate Of 35% On & Aerated Beverages: Sources New GST Rates: 40% on
New GST Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted 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 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 Next gen GST reforms: How will sin goods cigarettes, pan masala be taxed? Economy ET Now
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