The government on Monday defended the 12% GST rate on sanitary napkins, saying a decrease fee would put home manufacturers at an enormous drawback.It mentioned the actual tax incidence on sanitary napkins after the announcement of the Goods and Services Tax have been both the identical or lower than previous to GST. In pre-GST, they attracted a concessional excise duty of 6% and 5% VAT, and the pre-GST estimated total tax incidence on sanitary napkins was 13.68%. Subsequently, 12% GST rate had been put up for sanitary napkins, the finance ministry mentioned in an announcement.
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Govt defends 12% tax on sanitary napkins
The government on Monday defended the 12% GST rate on sanitary napkins, saying a decrease fee would put home manufacturers at an enormous drawback.It mentioned the actual tax incidence on sanitary napkins after the announcement of the Goods and Services Tax have been both the identical or lower than previous to GST. In pre-GST, they […]
