Government Slashes GST on Essentials, Retains High Tax on Luxury and Sin Goods
Major GST Overhaul to Take Effect From September 22, Ahead of Festive Season The Goods and Services Tax (GST) Council has announced a sweeping reform of the indirect tax regime, simplifying the existing four-slab structure into two primary rates—5% and 18%—with an additional 40% slab for luxury and sin goods.…