The GST Council approved a sharp hike in taxes on sin and luxury goods, creating a new 40 percent slab for items such as tobacco, pan masala, aerated drinks and premium vehicles. The move marks a major restructuring of the indirect tax system. For the commoners, this means essentials like butter, ghee, shampoo and other products will get cheaper, but gutkha, cigarettes and cold drinks will get a lot more expensive. So obviously, the internet wasted no time in turning the new rates into hilarious memes. Soon, the new GST slab of 40 percent on cigarettes and alcohol sparked memefest online. Internet users flooded the X (formerly Twitter) timeline with humorous memes and funny jokes over the revamped tax rates on sin goods. On September 3, Finance Minister Nirmala Sitharaman announced a two-tier GST system of five percent and 18 percent, with a steep 40 percent slab introduced for sin and luxury goods.

GST Slab of 40% on Cigarettes and Alcohol

New GST Slab of 40% Sparks Memefest

LOL

The Non-Smoker Friends RN!

Time For Farewell?

ROFL

More GST on Tobacco Products?

The Reactions RN!

Tag the Sutta Lovers

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