gst on tobacco ITC Share Price Tumbles As Panel Suggests 35% Tax Cigarettes, Glad to see this proposal

Glad to see this proposal on tobacco taxation in GST 2.0. A 40% peak GST rate along with an additional excise duty is exactly what we've been advocating for some time, and GST 2.0 tussle: Centre eyes extra duty over 40% slab on tobacco products; states push for 'significant' cut The Times of India 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 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

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