https://www.taxtmi.com/article/detailed?id=15695 From 1 February 2026 Rule 31D establishes RSP/MRP-based valuation for pan masala, most tobacco products and nicotine inhalation products (excluding bidis), requiring taxable value to be extracted from declared RSP; GST rates are restructured to 18% total for bidis and 40% total for pan masala and most other tobacco products, Compensation Cess is withdrawn, and central excise is reintroduced with a machine-capacity-based levy on pouched chewing tobacco/jarda/gutkha and substantially higher specific excise on cigarettes and cigars. en-us Sat, 03 Jan 2026 11:12:59 +0530 Sat, 03 Jan 2026 11:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15695 From 1 February 2026 Rule 31D establishes RSP/MRP-based valuation for pan masala, most tobacco products and nicotine inhalation products (excluding bidis), requiring taxable value to be extracted from declared RSP; GST rates are restructured to 18% total for bidis and 40% total for pan masala and most other tobacco products, Compensation Cess is withdrawn, and central excise is reintroduced with a machine-capacity-based levy on pouched chewing tobacco/jarda/gutkha and substantially higher specific excise on cigarettes and cigars. Articles Goods and Services Tax - GST Sat, 03 Jan 2026 11:12:59 +0530 https://www.taxtmi.com/article/detailed?id=15695