GST Reforms: Council Approves 40% Highest Tax On Tobacco And Sin Goods

After the 56th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced a steep 40% GST on sin and luxury goods. The new slab covers cigarettes, gutka, pan masala, zarda, and bidis — replacing the earlier 28% plus cess, which will end once loans are repaid. Aerate