gst on tobacco Products May Face Additional Levy As Government Weighs Post-Cess Tax Options Smoking just got more expensive
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 GST compensation cess on tobacco to end Feb 1 as Centre rolls out a new tobacco tax framework. Visit the website to learn more! #gst #gstcess #tobaccotax #taxreform #indianeconomy #policyupdate #financialnews #businessnews # 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 GoM Proposes A New Special GST Rate Of 35% On Tobacco & Aerated Beverages: Sources CNBC TV18 GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report : r india India has a new way to tax tobacco. Will it work?
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