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.