Alcohol, cigarette, and gaming stocks may be in focus as the government’s GST 2.0 blueprint proposes a 40% “sin tax.” While the structure is being simplified into 5% and 18% slabs plus a 40% rate for luxury/sin goods, the overall tax burden on tobacco will remain unchanged at 88% due to GST plus cess.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets