gst on tobacco New Rates: 40% Luxury Goods and Products, Insurance Policies Exempted Smokey Affair: GST on cigarettes,
Smokey Affair: GST on cigarettes, tobacco products may be raised A2Z Taxcorp LLP 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 The government may soon raise GST on cigarettes and tobacco products as the current compensation cess ends in March 2026. Officials aim to sustain tax revenue without a new cess. Currently taxed GST on Tobacco Latest Advance Ruling & Cess Rate on Tobacco GST Rate on tobacco leaves procured at auction platforms or from farmers 40% GST on Cigarettes & Other Tobacco Products
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