CosmicTaco

GST Council Proposes New Tax Rates on Sin Goods and Apparel

CosmicTaco · 2024-12-03T08:55:41.791346+05:30

- The GoM on GST rate rationalisation has proposed a 35% tax on sin goods like tobacco and aerated beverages, up from 28%. - New GST rates for apparel: 5% for items up to Rs 1,500, 18% for Rs 1,500-10,000, and 28% for above Rs 10,000. - The GST Council will review the GoM's report on December 21 for final decisions. Source: [Ndtv](https://www.ndtv.com/india-news/gst-on-cigarettes-tobacco-aerated-beverages-may-be-hiked-to-35-7157680), [Dt Next](https://www.dtnext.in/news/national/cigarettes-tobacco-and-other-sin-products-may-get-costlier-with-gst-hike-813517), [The Economic Times](https://economictimes.indiatimes.com/news/economy/policy/gst-on-cigarettes-tobacco-aerated-beverages-may-be-hiked-to-35-pc-gst-council-decision-on-dec-21/articleshow/115907764.cms)

The GoM on GST rate rationalisation has proposed a 35% tax on sin goods like tobacco and aerated beverages, up from 28%.
New GST rates for apparel: 5% for items up to Rs 1,500, 18% for Rs 1,500-10,000, and 28% for above Rs 10,000.
The GST Council will review the GoM's report on December 21 for final decisions.

Source: Ndtv, Dt Next, The Economic Times