sin goods News

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 ...

GST Council to Consider Major Tax Rate Cuts in Upcoming Meeting, Impacting Consumers and Businesses

The GST Council is preparing to discuss significant tax rate cuts in its upcoming meeting, focusing on consumer items and high-ticket products like air conditioners. Plans include ...

New Cess on Sin Goods: Potential 35% Tax Hike Looms

The Indian government is considering a new 35% special rate of GST on sin goods, such as tobacco, cigarettes, and soft drinks, as a starting point for the post-compensation cess er...