GST on cigarettes, tobacco, aerated beverages to be hiked to 35%? Know here
Several reports suggest that the Group of Ministers (GoM) on GST rate rationalisation has proposed to hike tax by 7 per cent on aerated beverages, cigarettes, tobacco and related
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
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%; All Eyes On Gst Council Decision On Dec 21
The GoM report is expected to be discussed by the GST Council -- chaired by Union Finance Minister and comprising her state counterparts -- on December 21. A final decision on GST rate changes will be taken by the council.
GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
The GST Council, chaired by Union Finance Minister and comprising state finance ministers, is scheduled to discuss the GoM report on December 21
New GST Rates for Cigarettes, Tobacco, and Soft Drinks: Check the Updated Rates Here
The Group of Ministers (GoM) on GST rate changes has recommended increasing the tax on items like aerated drinks, cigarettes, and tobacco products from 28% to 35%. In total, the GoM has suggested new tax rates for 148 items.
ITC, Godfrey Phillips, Varun Beverages shares slip on report of likely GST hike on cigarettes, tobacco, aerated drinks
Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined as much as 3.16%, while VST Industries stock fell 2.27% during Tuesday’s trading.
GST on Cigarettes, Tobacco, Aerated Beverages May Be Hiked to 35 Pc;
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
Big GST Changes Coming: Cigarettes, Tobacco, Aerated Beverages Could Face 35% Tax Hike
The GST GoM, led by Bihar Deputy CM Samrat Chaudhary, has proposed raising taxes on sin goods like tobacco, cigarettes, and aerated beverages to 35% from 28% and rationalising apparel tax slabs. Items like readymade garments,
GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
The Group of Ministers (GoM), led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments.
35% GST slab in the works? A look at GST bands and how they are decided
The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST ...
Indian shares off to muted start; ITC, Varun Beverages drop on GST hike report
(Reuters) -Indian shares were little changed at the open on Tuesday as consumer stocks fell after a report of a likely tax ...
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Adding goods to higher GST brackets is problematic, say experts
GST at Deloitte India, questioned the rationale behind creating an additional rate slab instead of integrating the increased ...
GST rate overhaul: GoM to propose revisions for 150 items, report on Dec 21
GoM recommends GST rate changes to simplify framework, lower rates for textiles, bicycles, exercise books, and essential ...
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Businesses Seek Higher GST Limit for Small Players
HYDERABAD: The business community sought raising of the GST registration threshold in the state from Rs 20 to Rs 40 lakhs ...
55th GST Council Meeting Ahead: Tobacco, Insurance, To Bottled Water, GST Rates Of 148 Items To Change?
Ahead of the meeting, the group of ministers (GoM) has reportedly proposed key changes in GST rates for a whopping 148 items.
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MS Mani advocates for GST rate stability to ensure business continuity and adaptation
Deloitte India’s M S Mani discussed the evolving nature of GST, pointed out that the 28% rate, originally intended for "sin ...
Have high hopes of GST cut on health, life insurance? Here's why a drastic fall is unlikely to benefit policyholders
There has been growing clamour for removing or lowering the current GST rate of 18% on life and health insurance policies.