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New GST update: Super luxury goods now heavily taxed | 40% tax slab explained!

India’s GST Council has rolled out a bold 40% tax slab for super luxury and sin goods the highest-ever GST rate. From private jets to pan masala, this move targets extravagance while easing the burden on essentials. Here’s a breakdown of what falls under this new slab, what it means for you, and how it fits into the broader GST reform to benefit the common man.