gst in tobacco New Rates: 40% on Luxury Goods & Tobacco; Insurance Policies Exempted INDIA'S GST COUNCIL MAY RAISE

INDIA'S GST COUNCIL MAY RAISE TAX RATES ON AERATED DRINKS AND TOBACCO PRODUCTS TO 35%, IMPACTING CONSUMER PRICES AND INDUSTRY DYNAMICS. India's Goods and Services Tax (GST) Council is contemplating a significant Government is planning to put 40% GST on sin goods. Sin goods in India mostly include tobacco, cigarettes, pan masala, gutkha and alcohol. Right now, sin goods the tax is already very Will 35% GST on Cigarettes and Tobacco Make Your Smoking Habit More Expensive? Outlook Business India has approved a 40% GST rate on cigarettes, pan masala, and certain tobacco products as part of a "sin tax" to deter consumption and boost revenue. The 40% GST on these GST On Tobacco: Why Bidis Are Taxed At 18% While Cigarettes Soar To 40%

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