India’s GST collections rise 6% to ₹1.75 lakh crore in December
India’s goods and services tax (GST) collections reached ₹1.75 lakh crore ($19.45 billion) in December, up 6.1% from the same month last year, the government said on Thursday.
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India’s goods and services tax (GST) collections reached ₹1.75 lakh crore ($19.45 billion) in December, up 6.1% from the same month last year, the government said on Thursday.
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Cigarettes will attract more excise duties ranging from Rs 2,050 to Rs 8,500 per 1,000 sticks, depending on their length. Chewing tobacco will be taxed under machine-based system.
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In Mumbai, ATF price was revised ₹86,352.19 per kl, while prices in Chennai and Kolkata were cut to ₹95,770 and ₹95,378.02 per kl, respectively
From February 1, 2026, cigarette prices may rise as new excise duties are based on length, with longer cigarettes facing higher taxes and likely steeper price hikes for consumers.
In a series of notifications on New Year’s Day, the Finance Ministry announced the end of GST compensation cess, the increase in the excise duty on tobacco products, and the new GST rates on these items as well
From February 1, pan masala, cigarettes, tobacco and similar products will attract a GST rate of 40%, while ‘beedi' will attract 18% Goods and Services Tax (GST), according to a government notification
Centre's fiscal deficit at the end of November stood at Rs 9.76 lakh crore.
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