tobacco GST 35%

GST Shock: Sin Goods Like Cigarettes And Aerated Drinks Face A 35% Tax Hike – Here’s What It Means

The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalization has proposed significant changes to tax rates, sparking debates and market reactions. Among the headline recommendations is a steep tax hike for sin goods like aerated beverages, cigarettes, and tobacco products, raising the rate from 28% to...