The Headlines – GST revamp introduces 40% tax rate: What are sin goods and why they are in highest slab? All you need to know

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The Headlines – GST revamp introduces 40% tax rate: What are sin goods and why they are in highest slab? All you need to know

The GST Council has approved a significant tax hike on sin and luxury goods, introducing a new 40% slab for items like tobacco, aerated drinks, and premium vehicles. This restructuring aims to simplify the indirect tax system by reducing the number of tax slabs.

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