6 months ago
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Shares of cigaret and baccy merchandise makers tumbled connected Thursday (January 1, 2026) greeting commercialized aft the authorities notified February 1 arsenic the day from which further excise work connected baccy products, and a wellness cess connected cookware masala volition beryllium levied.
The banal of Godfrey Phillips India tanked 10%, portion ITC tumbled 6.11% connected the BSE.
The caller levies connected baccy and cookware masala volition beryllium implicit and supra the GST rate, and volition regenerate the compensation cess, which is presently being levied connected specified 'sin goods'.
From February 1, cookware masala, cigarettes, baccy and akin products volition pull a GST complaint of 40%, portion ‘beedi' volition pull 18% Goods and Services Tax (GST), according to a authorities notification.
On apical of this, a Health and National Security Cess volition beryllium levied connected cookware masala, portion baccy and related products volition pull further excise duty.
The Finance Ministry connected Wednesday (December 31, 2025) besides notified the Chewing Tobacco, Jarda Scented Tobacco and Gutkha Packing Machines (Capacity Determination and Collection of Duty) Rules, 2026.
