gst on tobacco New Rates: 40% Luxury Goods & Tobacco; Insurance Policies Exempted 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 40% GST from Feb 1: How Much a Cigarette Costs Govt to Retain 12% GST on Bricks, 28% on Tobacco Despite New Tax Structure GoM Proposes A New Special GST Rate Of 35% On Tobacco & Aerated Beverages: Sources CNBC TV18 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 The government has notified Feb 1, 2026 to roll out a new tax structure for sin goods, ending the GST compensation cess and adding fresh levies on top of GST. Pan masala

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