GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more
The GST Council on Wednesday approved the creation of a new slab of 40% for sin and luxury goods, marking a significant change in the tax structure. While the date for its implementation will be announced later, the two other main slabs of 5% and 18% will come into effect from September 22.The highest slab…
