Impact of the GST Rate on Tobacco Products in India

GST Rate on Tobacco Products

The goods and services tax (GST) system was implemented as a one-in-all indirect tax system in India in July 2017 to subsume all the existing indirect taxes and charge a single consumption-based tax on a range of supplies of products/services. The tax rate under GST is divided in five slabs – 0%, 5%, 12%, 18%, and 28% – with a different rate for different product/service. Read More