[ad_1] The Group of Ministers (GoM) formed by the GST Council has reportedly suggested introducing a “special rate” of 35% for tobacco and aerated beverages. At present, most tobacco products fall under the 28% GST slab, with the exception of tobacco leaves, which are taxed at 5% under the reverse charge mechanism. The GoM has also […]
Exclusive | GoM recommends 35% GST on tobacco, aerated drinks: Sources – CNBC TV18
[ad_1] The Group of Ministers (GoM) set up by the GST Council has proposed a new “special rate” of 35% for tobacco and aerated beverages, sources exclusive to CNBC-TV18 said. Currently, all types of tobacco products attract a GST rate of 28%, except for tobacco leaves, which are taxed at 5% under the reverse charge […]