GST Council May Consider New Cess or Higher Tax Cap on Tobacco, Sin Goods to Protect State Revenues
The Goods and Services Tax (GST) Council is likely to discuss options to keep the overall tax incidence on tobacco and other sin goods unchanged as India moves towards a two-rate GST structure. The meeting is scheduled for September 3–4, according to reports. Currently, tobacco attracts nearly 52% tax through a combination of GST and […]