gst on tobacco India has a new way to tax tobacco. Will it work? Budget 2026 tightens the screws

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 GST on Bricks, Tobacco to Stay at 12% & 28% 40% GST on Tobacco products #NirmalaSitharaman ITC Share Price Tumbles As GST Panel Suggests 35% Tax On Cigarettes, Tobacco Centre imposes extra excise duty on tobacco products, cess on pan masala to take effect February 1 India Today GST Change for Tobacco Products New GST Rates & Rules

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