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      Question

      What is the special GST rate approved for sin and luxury

      goods such as tobacco and yachts in the 56th GST Council meeting?
      A 18% Correct Answer Incorrect Answer
      B 12% Correct Answer Incorrect Answer
      C 28% Correct Answer Incorrect Answer
      D 40% Correct Answer Incorrect Answer
      E 5% Correct Answer Incorrect Answer

      Solution

      The GST Council, in its 56th meeting, approved a 40% special GST rate applicable to sin goods (such as tobacco and pan masala) and luxury items (like yachts, helicopters, and large cars). This higher rate reflects the government’s intent to discourage consumption of such goods while balancing revenue concerns.

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