gst on tobacco New Rates: 40% Luxury Goods and Products, Insurance Policies Exempted An additional excise duty on

An additional excise duty on cigarettes and tobacco products, and a health cess on pan masala, will come into effect from 1 February. This additional duty is imposed over and above the 40% GST on Tobacco products #NirmalaSitharaman India has a new way to tax tobacco. Will it work? ITC Share Price Tumbles As GST Panel Suggests 35% Tax On Cigarettes, Tobacco New GST Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted ET 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.

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