"The draft bill proposes inclusion of tobacco under GST and chargeable at around 40 per cent, while central excise on cigarettes may continue. "The RNR committee has recommended a GST rate of 2-6 per cent for precious metals. "Print media companies are exempted from the levy of service tax on both ad and circulation revenues. NEW DELHI: One of the most- awaited tax reforms in India is finally upon us. The goods and services tax has been touted as a gamechanger for the Indian economy, as it will convert the country into 'one market'.

Source: Economic Times August 03, 2016 09:33 UTC