New Delhi: Cigarettes and other tobacco products, carbonated drinks and high-end automobiles, currently in the 28% goods and services tax ( GST ) slab, could see this rise as a part of a cess levied on select products may be subsumed within the levy. The compensation cess, which ranges from 11% to 290%, ends in March 2026. The GST Council constituted a group of ministers ( GoM ) on cess to decide on taxation of luxury, sin and demerit goods after this, ET has learnt.
The 10-member GoM, chaired by minister of state for finance Pankaj Chaudhary, will decide on taxation of luxury, sin and demerit goods after the cess tenure ends, a person familiar with discussions told ET. “There is no merit in the overall incidence of taxation coming down on demerit or sin goods ,” the person cited said, adding that overall rate rationalisation also needs to take this into account. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program A.
