gst on tobacco New Rates: 40% Luxury Goods and Products, Insurance Policies Exempted GST on Tobacco | Latest

GST on Tobacco Latest Advance Ruling & Cess Rate on Tobacco The Indian government has announced higher GST rates on tobacco related products starting February 1. Pan masala, cigarettes, tobacco and similar items will now attract a 40% GST, while biris will be taxed GST Rate on tobacco leaves procured at auction platforms or from farmers ET The government may soon raise GST on cigarettes and tobacco products as the current compensation cess ends in March 2026. Officials aim to sustain tax revenue without a new cess.

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