gst on tobacco New Rates: 40% Luxury Goods & Tobacco; Insurance Policies Exempted GST on Cigarettes, Tobacco, and
GST on Cigarettes, Tobacco, and Aerated Beverages Likely to Increase to 35% 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 GST Reforms: Tobacco Tax Hike Mid Day posted on the topic LinkedIn 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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