gst on tobacco ITC Share Price Tumbles As Panel Suggests 35% Tax Cigarettes, India has a new way
India has a new way to tax tobacco. Will it work? 40% GST on Cigarettes & Other Tobacco Products 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 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
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