#india-tobacco-tax

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

Business

22 Sep 2025 07:48 AM 695 views

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

Business

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

Business

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#india-tobacco-tax

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

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

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6 Feared Dead in Chhattisgarh Train Collision as Passenger Train Rams Goods Train

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Iran Peace Proposal: US Troop Exit, Lebanon Ceasefire, Sanctions Lift

SpaceX Starship Flight 12 Launch Time: V3 Rocket Test From Texas

Sergio Gor Says Rubio’s India Visit Shows Strong India-US Ties, Not Strain

No Place for Shubman Gill in Asia Cup Squad, Report Says India Looking for Experienced Players

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#india-tobacco-tax

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

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

Iran Peace Proposal: US Troop Exit, Lebanon Ceasefire, Sanctions Lift

SpaceX Starship Flight 12 Launch Time: V3 Rocket Test From Texas

Sergio Gor Says Rubio’s India Visit Shows Strong India-US Ties, Not Strain

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Seasonal Gardening Tips

6 Feared Dead in Chhattisgarh Train Collision as Passenger Train Rams Goods Train

Group 2 Exam Controversy: High Court Orders Feb 23 Exam Amid Jagan Govt Errors

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Mild 3.5 Magnitude Earthquake Hits Uttarkashi, Uttarakhand on January 24, 2025

Federal judges in San Francisco order ICE to release detained immigrants

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