GST revamp introduces 40% tax rate: What are sin goods and why they are in highest slab? All you need to know
The GST Council has approved a significant tax hike on sin and luxury goods, introducing a new 40% slab for items like tobacco, aerated drinks, and premium vehicles. This restructuring aims to simplify the indirect tax system by reducing the number of tax slabs.
The GST Council has approved a significant tax hike on sin and luxury goods, introducing a new 40% slab for items like tobacco, aerated drinks, and premium vehicles. This restructuring aims to simplify the indirect tax system by reducing the number of tax slabs. What's Your Reaction?
