gst on tobacco New Rates: 40% Luxury Goods and Products, Insurance Policies Exempted Glad to see this proposal
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 GST on cigarettes and tobacco has been increased from 28% to 40%, but on bidis, paradoxically, reduced from 28% to 18%. Why? Is it because Adani Ambani smoke bidis? Smoking just got more expensive in India. From February 1, tobacco products now attract an effective 40% GST as the Centre rolls out a revised excise duty structure. The new regime links 40% GST on Cigarettes & Other Tobacco Products
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