What are ‘sin goods’ and why do they now attract the highest GST rate?
[ad_1] At its 56th meeting on September 3, 2025, the GST Council announced a simplified tax structure comprising two main slabs, 5% and 18%, alongside a special 40% rate applicable only to designated “sin goods” and certain luxury items, effective from September 22. This revision comes after the removal of the Compensation Cess, with the tax incidence preserved […]
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