gst on tobacco GoM Proposes A New Special Rate Of 35% & Aerated Beverages: Sources Smoking just got more expensive
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 GST Rate on tobacco leaves procured at auction platforms or from farmers GST Change for Tobacco Products New GST Rates & Rules 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
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