Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab
- Posted on October 21, 2024
- By Business News Today
- 1 Views
Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab
The GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a 28% GST slab from 18% or 12%. The initiative aims to redefine luxury items and is expected to significantly boost GST collections in phases.
