New GST rates for sin goods from Feb 1! Tobacco & pan masala to attract 40% tax - check details - Times of India

GST on sin goods: Tobacco products and pan masala products are set to face a new tax structure from February 1. This comes as the Centre rolls out additional excise duty and a health cess, above the current GST rates. The new structure will replace the compensation cess which is applied on 'sin goods.'Tobacco and allied products will now attract an additional excise duty while pan masala will have…