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DEMERIT GOODS
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...- Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
- I don't think...: Riyan Parag on vaping controversy after scoring 90Despite facing criticism, Riyan Parag scored a brilliant 90 for Rajasthan Royals, but their efforts fell short in a loss to Delhi Capitals....
- Parliament Watch: PSBs write off ₹6.15 L cr loans; 25 CPSEs to shut; New I-T forms soonFinance Minister Nirmala Sitharaman stated that a new health and security cess on pan masala will not disrupt GST collections, instead crea...
- Health & national security cess only on demerit goods like pan masala, not essentials, says Nirmala SitharamanA new health and national security cess will be imposed on demerit goods like pan masala. Finance Minister Nirmala Sitharaman stated this c...
- New tax coming for demerit goods like cigarettes and not for essential goods: FM SitharamanFinance Minister Nirmala Sitharaman said the new Health and National Security Cess will primarily focus on demerit goods, including pan mas...
- Retailers urge FM and GST Council not to go for higher 35 pc tax rateThe Indian Sellers Collective urges the Finance Minister and GST Council to reject proposals for a 35% GST slab on certain products. They a...
- GST Compensation Cess Future: Group of Ministers proposes merger with taxesThe GoM on GST discussed merging compensation cess with GST. States suggested no new items should be added during this transition. Compensa...
- End of GST compensation cess may not be blessing for 'sin taxed'Cigarettes, tobacco products, carbonated drinks, and high-end automobiles in the 28% GST slab might see a rise in taxation as a cess ends i...
- GST council to meet on June 28-29 in SrinagarThe council meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation an...
- Group of Ministers on GST rate rationalisation to meet on Jun 17GST Council is likely to meet by the end of this month and will discuss, among other things, the GoM interim report on rate rationalisation...
- Bibek Debroy decodes the curious case of tax on pizza toppingsWhat is the GST rate on pizzas? There isn't one. That's the point. The GST rate on pizza bread - note the expression - is 5%. But if it is ...
- GST collections to top Rs 13 lakh crore this fiscal: Piyush GoyalHe said with more number of people coming under the tax net, and successful implementation of eway bill system, there will be scope for rat...
- 12% & 18% GST slabs may be merged, 28% for demerit goods: Arvind SubramanianCentre may combine the 12 per cent and 18 per cent slabs into one in the near future and reserve the 28 per cent rate only for demerit good...
- Include bidi in GST's demerit category: ExpertsOncologists at Tata Memorial Hospital said bidis, which cause 5.8 lakh deaths annually in India, are as dangerous as cigarettes and should ...
- Include bidi in demerit goods under GST regime, oncologists urge PM Narendra ModiThe demand from leading oncologists and 108 cancer hospitals under the aegis of the state-funded National Cancer Grid (NCG), comes ahead of...
- GST Council caps cess on demerit goods at 15%The 15 per cent cess cap would apply on luxury cars and aerated drinks. On pan masala, the cess has been capped at 135 per cent ad valorem.
- Include all tobacco products in demerit goods category: ExpertsIn a letter to the Finance Minister, the state-based outfit has pointed out that classifying different products in lower rate slabs will le...
- 4-tier GST rate may lead to classification disputes: StudyA research by National Institute of Public Finance and Policy professor pointed out there is discussion in the GST Council that there will ...
- Over time there should be convergence in GST rates: Naushad Forbes, CII“We should see that the cess is indeed limited only to demerit goods”
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