gst on tobacco India has a new way to tax tobacco. Will it work? New GST Rates: 40% on

New GST Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report : r india 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 Ahead Of GST Meet, Demand To Tax Tobacco Products, Bidis At High Rates Govt to Retain 12% GST on Bricks, 28% on Tobacco Despite New Tax Structure

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