gst on tobacco ET GST 35% Hike on Tobacco,
GST 35% Hike on Tobacco, Cigarettes, and Aerated Beverages 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 India has a new way to tax tobacco. Will it work? 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 New GST Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted ITC Share Price Tumbles As GST Panel Suggests 35% Tax On Cigarettes, Tobacco
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