Tag: luxury GST 40%.

 Diwali GST reforms: Government eyes a two-slab system—5% and 18%—with special luxury rates. What it means for your wallet and business. Imagine you’re shopping for Diwali—gifts, sweets, clothes for the family. But every item you pick has a different GST rate: 5%, 12%, 18%, 28%, or something confusing in between. It jumbles your budget, complicates…