The GST Council, in its 56th meeting, increased the Goods and Services Tax (GST) on all goods containing added sugar, other sweetening matter, or flavouring, including aerated waters. The tax rate has been revised from 28% to 40%.
As per the new GST framework, approved by the Nirmala Sitharaman-led panel, most goods and services have now been brought under two main tax slabs- 5% and 18%. Sin goods attract the highest 40% rate.
As per the new GST framework, approved by the Nirmala Sitharaman-led panel, most goods and services have now been brought under two main tax slabs- 5% and 18%. Sin goods attract the highest 40% rate.
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