gst in tobacco New Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted The Group of Ministers on

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 Ahead Of GST Meet, Demand To Tax Tobacco Products, Bidis At High Rates GoM Proposes to Raise GST Tier on Tobacco and Sugar Sweetened Beverages 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 Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy ends The Economic Times

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