Sin goods may face a new cess over 35% rate

The proposed 35% GST rate on sin goods like tobacco, cigarettes, and soft drinks is likely just the beginning, with a new cess expected to ensure the effective tax rate doesn't significantly reduce. The GST Council, led by Bihar's deputy CM, is working on recommendations, but final decisions have not been made yet.

Dec 4, 2024 - 07:30

Sin goods may face a new cess over 35% rate

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The proposed 35% GST rate on sin goods like tobacco, cigarettes, and soft drinks is likely just the beginning, with a new cess expected to ensure the effective tax rate doesn't significantly reduce. The GST Council, led by Bihar's deputy CM, is working on recommendations, but final decisions have not been made yet.