FM Nirmala Sitharaman unveiled two-tier GST of 5% & 18%, with a steep 40% slab on sin goods like tobacco, fizzy drinks and yachts, sparking meme frenzy online.
On Wednesday, India's Finance Minister Nirmala Sitharaman announced a two-tier GST (Goods and Services Tax) collection system of 5% and 18%, with a steep 40% slab for “sin goods” and luxury items like tobacco, fizzy drinks, and yachts. And the internet didn’t miss a beat as memes flooded social media well ahead of the planned September 22 rollout.
Memes on the change in tax payment due to new slabs have flooded social media. (Photo: X)
Take a look and catch up with the humourous side of GST-change effect: