India: New Tax Bills Aims to Overhaul Levies on ‘Sin Goods’ | WION World Business Watch
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India: New Tax Bills Aims to Overhaul Levies on ‘Sin Goods’ | WION World Business Watch
India is getting ready for one of its biggest tax resets since the rollout of Goods and Service Tax. The GST compensation cess, which kept taxes high on tobacco, cigarettes and Pan masala, is set to end next year. To prevent revenue losses and keep these ‘sin goods’ expensive. The government has now introduced two new tax bills. Let’s ...
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