Finance Ministry India Archives - https://fastnewsglobe.com/tag/finance-ministry-india/ Thu, 01 Jan 2026 04:56:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/fastnewsglobe.com/wp-content/uploads/2025/03/fastnewsglobe.png?fit=32%2C32&ssl=1 Finance Ministry India Archives - https://fastnewsglobe.com/tag/finance-ministry-india/ 32 32 242798455 Smoking cigarettes will become expensive from February 1, government increased excise duty, know what effect it has on which stock. https://fastnewsglobe.com/smoking-cigarettes-will-become-expensive-from-february-1-government-increased-excise-duty-know-what-effect-it-has-on-which-stock/ https://fastnewsglobe.com/smoking-cigarettes-will-become-expensive-from-february-1-government-increased-excise-duty-know-what-effect-it-has-on-which-stock/#respond Thu, 01 Jan 2026 04:56:38 +0000 https://fastnewsglobe.com/smoking-cigarettes-will-become-expensive-from-february-1-government-increased-excise-duty-know-what-effect-it-has-on-which-stock/ Excise Duty on Tobacco Products: This news can prove to be a big shock for...

The post Smoking cigarettes will become expensive from February 1, government increased excise duty, know what effect it has on which stock. appeared first on .

]]>

Excise Duty on Tobacco Products: This news can prove to be a big shock for those who smoke cigarettes and eat pan masala. The central government has decided to impose excise duty on cigarettes from February 1, 2026. An official order in this regard has been issued by the government on Wednesday night. Earlier in December 2025, the government had approved the Central Excise (Amendment) Bill, 2020, under which the way was paved for tightening the tax regime on tobacco products.

Heavy tax on tobacco products

Under the new system, excise duty on cigarettes will be decided on the basis of its length. This duty will be in the range of Rs 2,050 to Rs 8,500 per thousand sticks. That means, the longer the cigarette, the more tax will have to be paid on it. After this decision, the increase in cigarette prices is considered certain, which will have a direct impact on the pockets of consumers. The aim of the government is not only to increase revenue but also to discourage the consumption of tobacco products and take strict action regarding public health.

According to the notification, the new taxes (levies) to be imposed on tobacco and pan masala will be in addition to the applicable GST rates. These new provisions will replace the existing GST Compensation Cess, which is currently levied on ‘sin products’ at different rates. From February 1, pan masala, cigarettes, tobacco and other related products will be taxed at 40 percent under GST, while 18 percent GST will be imposed on beedis.

Government issued notification

Apart from this, along with GST, Health and National Security Cess will also be imposed on Pan Masala. At the same time, as per the notification of the Finance Ministry, additional excise duty will also be collected on tobacco and tobacco related products. After these changes, the total tax burden on tobacco products is expected to increase, which may lead to an increase in the prices of these products.

Also read: From PNG to UPI… these 5 rules have changed from today, will have a direct impact on your pocket.

Source link

The post Smoking cigarettes will become expensive from February 1, government increased excise duty, know what effect it has on which stock. appeared first on .

]]> https://fastnewsglobe.com/smoking-cigarettes-will-become-expensive-from-february-1-government-increased-excise-duty-know-what-effect-it-has-on-which-stock/feed/ 0 128950