Some commodities which are perceived to be sin goods have seen Goods and Services (GST) rates rising to a point where further taxation isn't an option anymore, Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Vivek Johri has said.
Speaking at an event organized by the Federation of Indian Chambers of Commerce & Industry, Johri said the government is taking a holistic approach to taxation, keeping in mind the public good while also maintaining revenue buoyancy. He also pointed out that gold smuggling has gone up despite tax rates on the shiny metal coming down.