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

gst in tobacco The Indian government has announced higher rates on tobacco related products starting February GoM Proposes to Raise GST Tier on Tobacco and Sugar Sweetened Beverages GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report : r 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 GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; Council decision on Dec 21

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