Finance Minister Nirmala Sitharaman on Wednesday announced sweeping Goods and Services Tax (GST) rate cuts effective September 22. The GST revamp brings a majority of items in the 5% and 18% slabs, with several items like Indian breads and paneer now facing 0% or nil tax and some like tobacco-related products and luxury cars added to the 40% ‘sin tax’ slab.
GST rate cuts bonanza! What is cheaper and dearer? Check full list of items in 0%, 5%, 18% & 40% slabs
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GST rate cuts bonanza! What is cheaper and dearer? Check full list of items in 0%, 5%, 18% & 40% slabs
Finance Minister Nirmala Sitharaman on Wednesday announced sweeping Goods and Services Tax (GST) rate cuts effective September 22. The GST revamp brings a majority of items in the 5% and 18% slabs, with several items like Indian breads and paneer now facing 0% or nil tax and some like tobacco-related products and luxury cars added to the 40% ‘sin tax’ slab.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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