#gst-reforms

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

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#gst-reforms

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

US-Iran talks set to resume despite Strait of Hormuz clashes

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Spouse Not Paying Joint Debt: Should You Use Savings?

Malcolm-Jamal Warner dies at 54 in accidental drowning during Costa Rica vacation

Germany train delays ease after GSM-R communication breakdown

24-year-old Indian techie dies in US skydiving aircraft crash

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US-Iran talks set to resume despite Strait of Hormuz clashes

Breast Cancer Cases to Surge by 2050: WHO Report Warns of Rising Diagnoses and Mortality Rates

PV Sindhu, Lakshya Sen Lead India’s Team for Badminton Asia Mixed Championship 2025

Empowering Backward Communities: Andhra Pradesh's Initiative Under CM N. Chandrababu Naidu

India Awaits Key Election Results Across Five Regions

7.6 Magnitude Earthquake Rocks Tonga: Could It Trigger Another 2022-Like Eruption?

Spouse Not Paying Joint Debt: Should You Use Savings?

Malcolm-Jamal Warner dies at 54 in accidental drowning during Costa Rica vacation

Germany train delays ease after GSM-R communication breakdown

24-year-old Indian techie dies in US skydiving aircraft crash

#gst-reforms

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

US-Iran talks set to resume despite Strait of Hormuz clashes

Breast Cancer Cases to Surge by 2050: WHO Report Warns of Rising Diagnoses and Mortality Rates

PV Sindhu, Lakshya Sen Lead India’s Team for Badminton Asia Mixed Championship 2025

Empowering Backward Communities: Andhra Pradesh's Initiative Under CM N. Chandrababu Naidu

India Awaits Key Election Results Across Five Regions

7.6 Magnitude Earthquake Rocks Tonga: Could It Trigger Another 2022-Like Eruption?

Spouse Not Paying Joint Debt: Should You Use Savings?

Malcolm-Jamal Warner dies at 54 in accidental drowning during Costa Rica vacation

Germany train delays ease after GSM-R communication breakdown

24-year-old Indian techie dies in US skydiving aircraft crash

Popular Cities