GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know
The Group of Ministers on rate rationalisation has finalised its report, which will be presented to the GST Council, reported PTI on Monday. The GoM will likely propose a tax hike on cigarettes, tobacco,
GoM proposes hike in GST on aerated drinks, cigarettes & tobacco to 35%
The proposed hike from the current highest slab of 28 per cent would help the Centre and states to make up for the loss from rate cuts on other common-use items
Top GST panel recommends 35% tax rate for cigarettes, tobacco: Reports
The council will now decide whether there is further scope for rate rationalisation and may decide to retain the GoM so that the rationalisation exercise continues periodically, the official added.
GST Hike on Cigarettes, Tobacco, Beverages: 35% Proposed
India's GST Council may hike taxes on sin goods like cigarettes, tobacco, and aerated beverages to 35% on Dec 21. The decision comes after a GoM recommendation for rate rationalization.
Exclusive | GoM recommends 35% GST on tobacco, aerated drinks: Sources
The Group of Ministers (GoM) set up by the GST Council has proposed rate changes for 148 items, including tobacco and aerated drinks, sources told CNBC-TV18.
GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks
"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"
GST on cigarettes, tobacco, aerated beverages may be hiked to 35 pc; GST Council decision on Dec 21
The Group of Ministers on GST rate rationalisation decided to increase tax on aerated beverages, cigarettes, and tobacco products to 35% from 28%. Changes to GST rates on apparel and other items are also proposed.
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