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

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.

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

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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.