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No plans of 35% slab yet under GST: MoS Finance
The Morning Standard
|December 14, 2024
THERE are no plans yet to have a 35% tax slab under the goods and services tax (GST), and any decision on this would be taken together in consultation with the GST Council, minister of state for finance Pankaj Chaudhary told reporters here on Friday.
Chaudhary was responding to a question if the government is considering the recommendation made by the Group of Ministers (GoM) on rate rationalisation. The GoM has recommended a new tax slab of 35% for luxury and 'sin' goods like tobacco, cigarettes, aerated drinks, etc.
The MoS finance told reporters that the GST Council would take the final decision and the same will be in consultation with the states, who are also members of the Council.
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