Category: luxury goods tax
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GST Overhaul: New 40% ‘Sin Tax’ on Luxury Goods; Relief for Textiles and Green Energy | India Today
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in 40 percent gst, green energy gst relief, gst council meeting, gst council update, gst news india, gst on green products, gst on luxury items, gst on sin goods, gst overhaul, gst reforms 2025, gst slab change, india today gst, luxury goods tax, new gst rates india, sin tax india, sustainable energy tax india, tax reform india, textile gst relief, textile industry gst reliefSignificant changes to the Goods and Services Tax structure have been announced, impacting multiple sectors. The inverted duty structure in the man-made textile sector is being corrected by reducing GST on man-made fiber to 5%. Similarly, for the fertilizer sector, GST on key inputs like sulfuric acid and ammonia is down to 5%. The renewable…