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Beverage Industry's Big GST Battle: Will Sin Tax Be Removed?

India’s beverage giants are calling for a massive change in the GST regime! Right now, aerated drinks are taxed at a whopping 40% (28% GST + 12% sin tax), making them some of the most heavily taxed consumer products. The Indian Beverage Association is now urging the government to shift these products to the new 18% GST slab, arguing that soft drinks are everyday mass consumption items, not luxury “sin goods.”

In this video, you’ll learn:

How the current GST and sin tax system impacts beverage prices and industry growth
The industry’s proposal for GST 2.0: moving to 5%, 18%, and 40% slabs
Why beverage makers believe this change could create 1.2 lakh new jobs every year until 2030
The potential impact on companies like Coca-Cola, PepsiCo, and Indian beverage brands
What this means for consumers, investors, and the future of India’s tax policy
As a Chartered Accountant, I break down what these proposed changes could mean for your wallet, the economy, and the beverage market. Don’t miss out—watch till the end and join the discussion in the comments!

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