gst in tobacco New Rates: 40% on Luxury Goods and Products, Insurance Policies Exempted India has a new way

India has a new way to tax tobacco. Will it work? 40% GST on Tobacco Products Cigarettes, pan masala & gutkha now come under higher taxation [gst update, tobacco tax india, cigarette gst, hike, prices, pan masala gst, gutkha tax, government notification GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21 Next gen GST reforms: How will sin goods cigarettes, pan masala be taxed? Economy ET Now 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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