GoM proposes 35% hike in GST on cigarettes, tobacco, aerated drinks

Quick Summary:

The Group of Ministers (GoM) on GST rate rationalisation decided to increase tax rates on aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%.

The GoM also proposed tax rate modifications for 148 items, suggesting lower rates for essential goods and higher rates for luxury and demerit items.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: GST on tobacco Cigarette GST on cigarettes Goods and Service Tax Business news Tobacco GST on aerated beverages GST GST Council

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 11:12:47 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 775 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24079261

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