Budget 2026: New GST, Cigarette Prices Soar From Today! Know the Impact
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News18•01-02-2026, 10:36
Budget 2026: New GST, Cigarette Prices Soar From Today! Know the Impact
- •February 1 brings significant changes: Union Budget presentation, new tax regime details, and FASTag KYC updates.
- •FASTag KYC no longer required; issuing banks responsible for vehicle verification, easing user burden.
- •Stock market open on Budget day, potential fluctuations at 11 AM; cooking gas, CNG, PNG prices likely to rise.
- •Paan masala, cigarettes, and tobacco products to see price hikes from February 1 due to new GST and cess.
- •Cigarettes, bidis, and other tobacco products classified as 'sin goods'; new 40% GST and 'Health and National Security Cess' imposed.
Why It Matters: New GST and cess on 'sin goods' like cigarettes and tobacco will significantly increase their prices from February 1.
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