A big announcement has been made about GST. Now under GST, only two slabs will be 5% and 18%, which means that all the objects under 12% and 28% will be merged into both these slabs. Also, high rates will be imposed on some harmful goods. In the GST Council meeting, it has been agreed to put 40 percent tax on tobacco products. Let’s know which products will take 40 percent tax.
40 percent tax on these things
- Super luxury goods
- Paan masala
- Cigarette gutkha
- Chewing tambaku
- Jarda
- Edd Sugar, Carbonated Dinks
- Aircraft Personal Use
- Luxury car
- Fast food
Apart from 40 percent tax, no other cess or cess will be levied on these things. GST Council It is said that if GST reaches 40 percent on any object, then there is no separate cess or subtax on it. However, it is not clear yet when 40 percent of GST will be applied on these things. Its date will be announced later.
Point to be noted is that GST The 56th meeting of the council started in New Delhi on Wednesday. Finance Minister Nirmala Sitharaman said that now there will be only two GST slabs, which will be 5% and 18%. This means that now 12 and 28 percent slab will be removed. Most of these things will be merged into 5 percent and 18 percent slab, which is a big relief for the common man.
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