GST 2.0 tussle: Centre eyes extra duty over 40% slab on tobacco products; states push for ‘significant’ cut
Govt mulling extra GST over and above 40% proposed on tobacco products (AI image) The government is reportedly considering imposing additional excise or special duties beyond the proposed 40% GST on tobacco products to sustain current taxation levels, following Prime Minister Narendra Modi’s announcement of GST 2.0 reforms that eliminate compensation cess.Several states are requesting…