GST fitment panel favours tax on sin goods
Express News Service NEW DELHI: On the back of state governments increasingly putting pressure on the Centre to slash GST rates on Covid essentials, the GST Council’s fitment committee has suggested increasing tax on sin goods to offset the loss in revenue. “In line with the suggestions, GST on some Covid essentials is likely to be slashed. However, the fitment committee has suggested the amount of revenue foregone and given a list of ‘sin goods’ on which tax can be increased to offset the cost,” a senior finance ministry official said, adding that the quantum of tax, however, wi...
Source: newindianexpress.com
