The government had already flagged higher GST on cigarettes in September. Therefore, the move to 40% GST effective February 1, 2026, compared to 28% plus additional duties, and cess was not the real shock. The real surprise was in the details.
The government had already flagged higher GST on cigarettes in September. Therefore, the move to 40% GST effective February 1, 2026, compared to 28% plus additional duties, and cess was not the real shock. The real surprise was in the details.