Disallowance of ₹4.49 Crore in Management Service Charges as Excessive: ITAT Allows Payment at Arm’s Length Using Cost Plus Method

GoM Proposes to Raise GST Tier on Tobacco and Sugar-Sweetened Beverages The Group of Ministers (GoM) has proposed raising the GST rate on tobacco products and sugar-sweetened beverages. This proposal aims to increase the tax burden on these products, which are often considered harmful to public health. The GoM's recommendation is expected to be discussed in the upcoming GST Council meeting. If approved, the higher tax rates will be implemented, leading to an increase in the prices of these goods. The proposal reflects the government's ongoing efforts to curb the consumption of unhealthy products and raise revenue through higher taxes on certain goods.