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.
You may also like
Ex-Newcastle co-owner Amanda Staveley to clarify Tottenham intention after Daniel Levy exit
Olly Murs pays emotional tribute to Caroline Flack before surprise Anastacia debut
Miriam Margolyes to 'quit UK' and move to Italy with rarely-seen partner
Antiques Roadshow guest left 'flabbergasted' as £20 mistake item worth thousands
Trump booed by crowds at US Open tennis final after he delayed proceedings
