India taxation News

Major GST Overhaul Unveiled: New Tax Rates on Cars, Gold, Mobiles, EVs and Cigarettes Explained

India's GST Council announces major tax reforms with simplified slabs: 5%, 18%, and new 40% for luxury/sin goods. Small cars drop to 18%, EVs stay at 5%, insurance becomes exempt, ...

India's GST Overhaul: New 40% Tax on Sin Goods and Luxury Items Explained - What You Need to Know

India's GST Council introduces a new 40% tax slab for sin and luxury goods including tobacco, premium vehicles, and aerated drinks. The move aims to discourage harmful consumption ...