Brief by Shorts91 Newsdesk / 07:52pm on 03 Sep 2025,Wednesday India
The GST Council has introduced a new 40% tax rate for sin and luxury items in India. Cigarettes, tobacco, pan masala, and aerated drinks with added sugar will now attract the higher rate. Big petrol cars above 1,200 cc, diesel cars above 1,500 cc, motorcycles over 350 cc, yachts, aircraft for personal use, and racing cars will also be taxed at 40%. The Council cut the four GST slabs to just 5% and 18%, scrapping 12% and 28%. Finance Minister Nirmala Sitharaman said the new rates, except on tobacco, will apply from September 22. (PC: X)
