GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21
3 months, 3 weeks ago

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21

The Hindu  

The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said. In total, the GoM on rate rationalisation will propose tax rate tweaks on 148 items to the GST Council. The four-tier tax slab of 5, 12, 18, and 28% will continue and a new rate of 35% is proposed by the GoM," said the official. Luxury goods like car, washing machine, and demerit goods like aerated water and tobacco products attract cess on top of the highest 28% slab.

Council Rate Gst Dec Gst Council Gom Rate Rationalisation Rationalisation 28 Tax  cigarettes  proposes  council  28  tax  18  gst  attract  rationalisation  rate  hike  dec  decision  proposed  official  tobacco  gom  hiked

History of this topic

Opposition leaders press for simplification, reduction of GST
4 days, 20 hours ago

Opposition leaders press for simplification, reduction of GST

Live Mint  

New Delhi, Mar 24 Opposition members on Monday demanded the government to simplify and reduce the Goods and Services Tax as it is putting the burden on the poor. Participating in the debate on the Finance Bill 2025, Supriya Sule said GST needs lots of reform, and there is a need to bring down rates. The Finance Minister should answer …

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman
2 weeks, 6 days ago

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman

Live Mint  

Goods and Services Tax Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the Federal indirect tax body said on Saturday. Speaking at the Economics Times Awards for Corporate Excellence in Mumbai, Sitharaman said that the ministerial group set up by the GST …

After a tax cut and a rate cut, it's time now for a GST cut
1 month, 2 weeks ago

After a tax cut and a rate cut, it's time now for a GST cut

Live Mint  

After the Union government reduced the tax burden on individuals and the central bank followed with an interest rate cut, it's over to the states now. Its original goal was to reduce disputes related to the classification of goods and services, correct tax anomalies like finished products getting taxed at a lower rate than raw materials, and to enhance GST …

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman
Trending News
1 month, 3 weeks ago

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman

Firstpost  

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Days after presenting the Union Budget 2025-26 that also provides significant income tax relief to …

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman
1 month, 3 weeks ago

GST Council to decide on fewer, lower tax rates soon: Nirmala Sitharaman

India Today  

Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is nearing a decision on rationalising tax rates, as the review process is almost complete. Addressing speculation, Sitharaman dismissed claims that the tax relief was politically motivated ahead of the Delhi Assembly elections, asserting that it reflects Prime Minister Narendra Modi's commitment to taxpayers. The Budget has allocated Rs …

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary
1 month, 3 weeks ago

GST rate rationalisation needed: Finance SecyGST rates need to be rationalised: Finance Secretary

Live Mint  

New Delhi, Feb 3 Finance Secretary Tuhin Kanta Pandey on Monday said enough experience has been gained with regard to implementation of GST and now the rates need to be rationalised in consultation with states. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising her state counterparts, has set up a group of ministers to suggest changes in …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
2 months, 2 weeks ago

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout

Live Mint  

Congress leader Pawan Khera on Thursday took a swipe at Union Finance Minister Nirmala Sitharaman over Goods and Service Tax and said that even 90 months after the implementation of GST, new circulars are being issued. Speaking to ANI in Rajasthan, Khera referred to GST as Gabbar Sitharaman Tax, and said it has affected everyone. The tax that should have …

Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget
2 months, 3 weeks ago

Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget

The Hindu  

The gems and jewellery sector has urged the government for a reduction in goods and services tax to 1% on revenue equivalence ratio to ease the cost burden on the industry in the upcoming Budget. “We seek rationalisation of taxes and availability of finance to support business,” the All India Gem and Jewellery Domestic Council Chairman Rajesh Rokde said in …

GST Council's key decisions: What's cheaper, what's costlier, and all other details
3 months, 1 week ago

GST Council's key decisions: What's cheaper, what's costlier, and all other details

India Today  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, introduced significant changes to the Goods and Services Tax framework. Several items and services will see a reduction in GST rates, offering financial relief: Fortified Rice Kernels : The GST rate on FRK has been reduced to 5% when supplied through the Public Distribution System. On …

GST Council rejigs rates, defers call on insurance
3 months, 1 week ago

GST Council rejigs rates, defers call on insurance

Hindustan Times  

The Goods and Services Tax Council in its 55th meeting on Saturday took a slew of decisions to protect the poor, including slashing the tax rate on fortified rice kernels, exempting GST on gene therapy, providing relief to farmers selling black pepper and resins. It, however, deferred several contentious issues such as tax rate rationalisation, GST on insurance premia and …

GST council GoM to meet soon on lowering taxes for insurance premiums
3 months, 1 week ago

GST council GoM to meet soon on lowering taxes for insurance premiums

Hindustan Times  

PATNA: The goods and services tax council’s group of ministers requires another meeting to discuss lowering taxes on insurance premiums for individuals, senior citizens, and groups, the GoM’s convener Samrat Chaudhary said after a meeting of the council in Rajasthan’s Jaisalmer on Saturday. Union finance minister Nirmala Sitharaman chairs the 55th meeting of the GST Council in Jaisalmer Chaudhary, who …

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%
3 months, 1 week ago

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%

ABP News  

The 55th Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, made multiple key announcements on Saturday. The council also agreed to impose a uniform 18 per cent tax rate on used cars, including electric vehicles, purchased by businesses. Additionally, the council decided to lower the tax rate on fortified rice kernels from 18 per cent to …

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums
Trending News
3 months, 1 week ago

GST Council Delays Decision On Tax Reduction For Life, Health Insurance Premiums

ABP News  

The GST Council on Saturday deferred its decision on reducing the tax rate on life and health insurance premiums, according to officials. The GoM also recommended exempting GST from health insurance premiums paid by individuals, excluding senior citizens, for policies with coverage up to Rs 5 lakh. However, premiums for health insurance policies offering coverage exceeding Rs 5 lakh will …

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax
3 months, 1 week ago

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax

Live Mint  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced several updates to the taxation framework while deferring discussions on GST restructuring for insurance products. Finance Minister Nirmala Sitharaman, while addressing the media on Saturday, said the Bihar deputy chief minister Samrat Chaudhary felt that any decision on GST on health insurance would require GoM …

GST Council postpones decision to cut tax on life and health insurance
3 months, 1 week ago

GST Council postpones decision to cut tax on life and health insurance

Hindustan Times  

The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance Minister Nirmala Sitharaman at Vigyan Bhawan, in New Delhi. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided …

GST Council defers decision on lowering tax on health, life insurance premiums
3 months, 1 week ago

GST Council defers decision on lowering tax on health, life insurance premiums

Live Mint  

The GST Council on Saturday deferred decisions on a tax rate cut on life and health insurance premiums and a tax rate overhaul meant to raise revenue collection as two ministerial panels decided to deliberate further before recommending changes to the federal indirect tax body, three persons aware of discussions said. Chaudhary, who is also the convenor of the ministerial …

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
3 months, 1 week ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes
3 months, 1 week ago

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

Hindustan Times  

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The four-tier tax slab of 5, 12, 18 and 28 …

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
3 months, 1 week ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes
3 months, 1 week ago

GST Council 55th Meeting in Jaisalmer: FM Nirmala Sitharaman to discuss potential revisions in insurance, aviation taxes

Live Mint  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and including state finance ministers, will convene today, December 21, in Jaisalmer, Rajasthan. This pivotal gathering of the apex body for indirect taxes is expected to focus on significant rate changes for life and health insurance, luxury items, and the possible inclusion of aviation turbine fuel under the …

GST council defers decision on lowering insurance premium rates
3 months, 1 week ago

GST council defers decision on lowering insurance premium rates

New Indian Express  

JAISALMAR: The 55th GST Council meeting held on Saturday concluded without any major decisions being taken. The much-anticipated decision on reducing GST rates for health and life insurance premiums has been deferred, as the Council believes further discussions are required before moving forward. The Group of Ministers on insurance has recommended a complete waiver of GST on premiums paid towards …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 months, 1 week ago

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products

New Indian Express  

The 55th Goods and Services Tax Council meeting, held in Jaisalmer, Rajasthan, under Finance Minister Nirmala Sitharaman on Saturday, deferred discussions on the much-anticipated proposal to restructure GST on insurance premiums. The GST Council also postponed discussions on the widely discussed rate rationalisation for various consumer items, including so-called ‘sin’ products. Under the current GST framework, e-commerce platforms face specific …

Council may increase GST rate on all kinds of used cars to 18 per cent
3 months, 1 week ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

GST Council postpones decision on reducing tax for life, health insurance premiums
3 months, 1 week ago

GST Council postpones decision on reducing tax for life, health insurance premiums

India TV News  

On Sunday, the GST Council, in its 55th meeting chaired by Union Finance Minister Nirmala Sitharaman, deferred the decision to cut taxes on life and health insurance premiums. Group of ministers to meet again for further discussions Bihar Deputy Chief Minister Samrat Chaudhary, who headed the Group of Ministers tasked with considering the issue, said a fresh meeting was needed …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 months, 1 week ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

55th GST Council Meeting begins: What could become costlier or cheaper today
3 months, 1 week ago

55th GST Council Meeting begins: What could become costlier or cheaper today

India Today  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has brought together ministers from 28 states, two Union Territories, and key stakeholders to deliberate on sweeping tax reforms. FOOD DELIVERY PLATFORMS In a move to ease costs for food delivery services like Swiggy and Zomato, the GST rate may be reduced from 18% with input tax credit to …

GST Council delays decision on lowering tax for health, life insurance premiums
3 months, 1 week ago

GST Council delays decision on lowering tax for health, life insurance premiums

India Today  

The GST Council has postponed its decision on reducing tax rates for life and health insurance premiums, officials told news agency PTI. Bihar Deputy Chief Minister Samrat Chaudhary, who leads the GoM on insurance, stated that more time is required to resolve outstanding issues, particularly regarding the taxation of group policies, individual policies, and senior citizens' plans. In November, the …

GST Council Meeting: Will tax rates on health and life insurance premiums drop today?
3 months, 1 week ago

GST Council Meeting: Will tax rates on health and life insurance premiums drop today?

India Today  

The 55th GST Council meeting is expected to make significant decisions on tax rates for life and health insurance premiums. In its meeting last month, the GoM recommended exempting term life insurance premiums from GST, a proposal that has garnered support from several states. There is also a proposal to exempt GST on health insurance premiums of up to Rs …

GST rate overhaul to face tough review amid tepid urban demand and inflation worries
3 months, 1 week ago

GST rate overhaul to face tough review amid tepid urban demand and inflation worries

Live Mint  

JAISALMER : Inflation and consumer appetite for purchases are two considerations that are expected to weigh on the Goods and Services Tax Council when it examines a ministerial group's recommendations for further hikes in the indirect tax, three persons informed about the development said. The ministerial group, led by Bihar deputy chief minister Samrat Chaudhary, is expected to make its …

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items
3 months, 1 week ago

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items

The Hindu  

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35% tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising State counterparts, …

Proposed GST slab of 35 percent is a deterrent for growth
3 months, 1 week ago

Proposed GST slab of 35 percent is a deterrent for growth

Deccan Chronicle  

The Government brought in historic tax reforms with the introduction of the Goods and Services tax in 2017, promoting simplicity, while reducing the tax burden. As per media reports, the Group of Ministers on GST Rates Rationalisation has recently proposed a new slab of GST at 35% over and above the existing 4 slabs to products such as aerated drinks …

Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM
3 months, 1 week ago

Proposal to impose 35% GST on ’sin goods’ not a good idea: SJM

Live Mint  

New Delhi, Dec 18 Swadeshi Jagran Manch has dubbed the proposal to introduce 35 per cent GST on "sin goods" like aerated beverages and tobacco products as a "bad idea" as it would lead to smuggling and loss of revenue for the country. Earlier this month, the Group of Ministers recommended a special rate of 35 per cent on sin …

GST Council likely to reduce tax rate on food delivery to 5% | What it means
3 months, 1 week ago

GST Council likely to reduce tax rate on food delivery to 5% | What it means

Hindustan Times  

The GST Council might bring a cheer for food delivery apps such as Zomato and Swiggy as reports suggest that they might be receiving a cut in payable Goods and Services Tax. A Swiggy Ltd. delivery worker on a motorcycle in Mumbai, India, According to a report by CNBC TV 18, the council might slash the GST on food delivery …

Levy a higher GST rate on tobacco, sugared beverages
3 months, 1 week ago

Levy a higher GST rate on tobacco, sugared beverages

The Hindu  

Over the past seven years, since the introduction of the Goods and Services Tax, there have been no significant increases in GST rates on harmful products such as tobacco and sugar-sweetened beverages, except for two minor hikes in National Calamity Contingent Duties on tobacco. Balancing GST and excise taxes Another key issue is the reliance on GST, a purely ad …

No plans of 35% GST slab yet: MoS Finance
3 months, 2 weeks ago

No plans of 35% GST slab yet: MoS Finance

New Indian Express  

New Delhi: There are no plans yet to have a 35 percent tax slab under the Goods and Services Tax, and any decision on this would be taken together in consultation with GST Council, minister of state for finance, Pankaj Chaudhary told reporters in Delhi on Friday. The compensation cess levied under GST would cease to exist after March 2026, …

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items
3 months, 2 weeks ago

GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items

Live Mint  

Industry experts expect a reduction in GST rates on health insurance at the forthcoming GST Council meeting on December 21, 2024. However, if health insurance is exempted from GST for all or specified persons, the insurance companies would lose out on input tax credits to that extent and accordingly, the reduction in costs can be less than the amount of …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
3 months, 2 weeks ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

Indian Sellers Collective seeks rejection of 35% GST proposed by GoM on demerit goods
3 months, 2 weeks ago

Indian Sellers Collective seeks rejection of 35% GST proposed by GoM on demerit goods

New Indian Express  

Indian Sellers Collective, an umbrella body of trade associations and sellers, on Thursday urged Finance Minister Nirmala Sitharaman and the GST Council to reject the recommendations of GoM on GST Rate Rationalisation. Indian Sellers Collective said that this action will hurt the profit margins of the retailers, lead to compliance nightmares, fuel a parallel economy and benefit Chinese producers who …

GST rate changes: Consult the public
3 months, 3 weeks ago

GST rate changes: Consult the public

New Indian Express  

The “recommendations” symbolise a misalignment, the fault lines in the understanding of the state of the economy. While the GST Council has ceased publishing data on collections, news reports show that November saw gross GST collections, at Rs 1.82 lakh crore, growing at 8.5 percent. It is a moot point if the process of GST Council GoMs allows for representations, …

CMAI Warns Of 100,000 Job Losses, MSME Closures Due To GST Hike On Apparel
3 months, 3 weeks ago

CMAI Warns Of 100,000 Job Losses, MSME Closures Due To GST Hike On Apparel

ABP News  

The Clothing Manufacturers Association of India has raised concerns over the proposed GST rate rationalisation by the Group of Ministers, chaired by Bihar's Deputy Chief Minister Samrat Chaudhary. Under the new recommendations, ready-made garments priced up to Rs 1,500 will maintain the current 5 per cent GST rate, but those priced between Rs 1,500 and Rs 10,000 would face a …

Beverage association raises alarm over potential tax hike on aerated drinks
3 months, 3 weeks ago

Beverage association raises alarm over potential tax hike on aerated drinks

Live Mint  

New Delhi: The Indian Beverage Association on Wednesday expressed concern over the potential increase in the goods and services tax rate on aerated drinks. Media reports on Tuesday said a group of ministers on rate rationalization has recommended increasing GST on sin goods like aerated beverages, cigarettes, tobacco, and related products to 35%. Currently, carbonated or aerated beverages, which include …

GST rate hike reports premature and speculative: CBIC
3 months, 3 weeks ago

GST rate hike reports premature and speculative: CBIC

Live Mint  

The Central Board of Indirect Taxes and Customs on Tuesday said reports of a ministerial panel’s recommendations on Goods and Services Tax rate changes on certain items, based on its deliberations are “premature and speculative.” The clarification from the Union government’s apex indirect tax body implies the Centre is distancing itself from suggestions about tax rate increases on items like …

GST rate hike claims are ‘premature, speculative’
3 months, 3 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

Reports about GST rate changes on various goods are premature and speculative, says CBIT
3 months, 3 weeks ago

Reports about GST rate changes on various goods are premature and speculative, says CBIT

The Hindu  

Statement from the Central Board of Indirect Taxes and Customs on GST rate hike reports that have been doing the rounds since last night There are various reports in the media regarding the Group of Ministers recommendations on GST rate changes regarding various goods and services. A Group of Ministers was constituted to look into the GST rate rationalization apart …

ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks
3 months, 3 weeks ago

ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks

Live Mint  

Share prices of cigarette makers ITC, Godfrey Phillips and VST Industries along with Varun Beverages declined on Tuesday after reports suggested that the tax slab on ‘sin goods’ is likely to be hiked. Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined as much as 3.16%, while VST Industries stock …

Why tobacco, cigarettes, aerated drinks are likely to become costlier in India
3 months, 3 weeks ago

Why tobacco, cigarettes, aerated drinks are likely to become costlier in India

Firstpost  

The Group of Ministers on GST rate rationalisation has suggested raising the tax on products like aerated drinks, cigarettes, and tobacco items to 35 per cent, up from 28 per cent. Image courtesy: Pixabay/Representational The Group of Ministers on GST rate rationalisation has recommended raising the tax on products like aerated beverages, cigarettes, and other tobacco-related items to 35%, an …

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
Trending News
3 months, 3 weeks ago

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products

ABP News  

The Group of Ministers on Goods and Services Tax rate rationalisation has proposed significant changes to tax rates, including a hike on sin goods like aerated beverages, cigarettes, and tobacco products, increasing the tax to 35 per cent from the current 28 per cent. Under the proposed structure: Readymade garments costing up to Rs 1,500 will attract 5 per cent …

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
3 months, 3 weeks ago

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report

India Today  

The Group of Ministers on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. GST RATE CHANGES DISCUSSED The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments. …

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call
Trending News
3 months, 3 weeks ago

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call

India TV News  

The Group of Ministers on GST rate rationalisation, led by Bihar's Deputy Chief Minister Samrat Chaudhary, has decided to increase the tax on "sin goods" such as aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 …

Discover Related