Categories: BUSINESS

GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more

The GST Council has approved a new 40% tax slab for sin and luxury goods, set to replace the existing cess. While the implementation date is pending, 5% and 18% slabs take effect from September 22. Finance Minister Nirmala Sitharaman announced the move, highlighting reduced tax burdens for the common person.
Sumitra

Share
Published by
Sumitra
Tags: #FM Sitharaman announces special 40% tax slab for sin goods; levied on biditobacco & more
9 months ago

Recent Posts

Tu cheez badi hain….Musk Musk: A small step for SpaceX, a giant leap to a trillion for Elon

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by…

19 hours ago

Centre opens radio spectrum to accelerate deployment of vehicle collision-avoidance systems

India has removed licensing for crucial radio spectrum bands, specifically 77-81 GHz for automotive radar…

19 hours ago

Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect…

2 days ago

Seeds of change: How India’s agriculture went high-output in 12 years

India's agriculture sector has seen remarkable growth over the past decade, fueled by increased government…

2 days ago

AI windfall for the public? Trump signals shake-up for tech giants

US President Trump is pushing for major AI firms to "give back" to the public,…

3 days ago

Markets dumped India for AI stars. BlackRock says that’s a mistake

BlackRock believes India's equity market is unfairly penalized for its limited direct AI exposure and…

3 days ago