New Tax Regime to Increase Prices of Select Products From February 1
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New Tax Regime to Increase Prices of Select Products From February 1

Starting February 1, several products are expected to become more expensive due to a new tax regime. The government is replacing the GST compensation cess with a new excise duty and cess system. This change will specifically increase taxes on cigarettes, beedis, pan masala, gutkha, jarda, and khaini. The new levies, including specific excise duties and health/national security cesses, are anticipated to raise retail prices for consumers across various tobacco and related products.

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