The GST Council has raised the tax rate on 'sin goods' and certain luxury items to 40%. 'Sin goods' are products which are considered harmful to society or an individual's health, like tobacco, cigarettes, sugary aerated waters and gutka. The highest tax rates are because the governments want to discourage their consumption while simultaneously raising revenue for public welfare.
short by
Medhaa Gupta /
05:53 pm on
04 Sep