#gst-council-india

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

19 Dec 2024 10:20 AM 1.15k views

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

Articles

Indian Engineer Faces Murder Charge in Bellevue Wife’s Death

A Wild Card Victory: Bigg Boss Kannada Season 11 Crowned in Thrilling Finale

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Chicago’s Griffin Museum Ranked Among World’s Best Museums

IRS Alert Triggers Arrest in $12.5M U.S. Treasury Check Fraud Case in New Jersey

BTS Hooligan Crosses 100 Million Streams, Arirang Tour Earns ₩27.5 Billion

The Ethics of Artificial Intelligence in Daily Life

Donald Trump’s Strait of Hormuz Blockade Raises Fears of Iran War

Trump Sends 5,000 More US Troops To Poland Amid NATO Tensions

Dallas Zoo invites public to name endangered Sumatran tiger cub

#gst-council-india

Impact of New GST Slab Proposal on Sin Products and India's Economy

Impact of New GST Slab Proposal on Sin Products and India's Economy

Indian Engineer Faces Murder Charge in Bellevue Wife’s Death

A Wild Card Victory: Bigg Boss Kannada Season 11 Crowned in Thrilling Finale

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Chicago’s Griffin Museum Ranked Among World’s Best Museums

IRS Alert Triggers Arrest in $12.5M U.S. Treasury Check Fraud Case in New Jersey

BTS Hooligan Crosses 100 Million Streams, Arirang Tour Earns ₩27.5 Billion

The Ethics of Artificial Intelligence in Daily Life

Donald Trump’s Strait of Hormuz Blockade Raises Fears of Iran War

Trump Sends 5,000 More US Troops To Poland Amid NATO Tensions

Dallas Zoo invites public to name endangered Sumatran tiger cub

Popular Cities

Sign In

Indian Engineer Faces Murder Charge in Bellevue Wife’s Death

A Wild Card Victory: Bigg Boss Kannada Season 11 Crowned in Thrilling Finale

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Chicago’s Griffin Museum Ranked Among World’s Best Museums

IRS Alert Triggers Arrest in $12.5M U.S. Treasury Check Fraud Case in New Jersey

BTS Hooligan Crosses 100 Million Streams, Arirang Tour Earns ₩27.5 Billion

The Ethics of Artificial Intelligence in Daily Life

Donald Trump’s Strait of Hormuz Blockade Raises Fears of Iran War

Trump Sends 5,000 More US Troops To Poland Amid NATO Tensions

Dallas Zoo invites public to name endangered Sumatran tiger cub

#gst-council-india

Impact of New GST Slab Proposal on Sin Products and India's Economy

Impact of New GST Slab Proposal on Sin Products and India's Economy

Indian Engineer Faces Murder Charge in Bellevue Wife’s Death

A Wild Card Victory: Bigg Boss Kannada Season 11 Crowned in Thrilling Finale

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Chicago’s Griffin Museum Ranked Among World’s Best Museums

IRS Alert Triggers Arrest in $12.5M U.S. Treasury Check Fraud Case in New Jersey

BTS Hooligan Crosses 100 Million Streams, Arirang Tour Earns ₩27.5 Billion

The Ethics of Artificial Intelligence in Daily Life

Donald Trump’s Strait of Hormuz Blockade Raises Fears of Iran War

Trump Sends 5,000 More US Troops To Poland Amid NATO Tensions

Dallas Zoo invites public to name endangered Sumatran tiger cub

Popular Cities