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GST LUXURY TAX
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Emerging cities becoming strategic hubs for expansion beyond traditional metros: ReportIndia's global capability centres are expanding beyond major cities. Emerging locations are now key for company growth. This shift is drive...
- Tata Motors Q4 profit falls 32% to ₹5,783 crore on weak JLR performanceIn the March quarter, Tata Motors reported a significant 32 percent drop in net profit, reflecting increased operational costs and obstacle...
- As Modi urges restraint on gold buying, jewellers’ body pitches mobilisation & recycling frameworkThe All India Jewellers & Goldsmith Federation proposes mobilising India's idle gold stocks. This approach aims to save foreign exchange wi...
- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Auto sales hit record high in FY26 as tax cuts, rate easing drive demandIndia’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Soc...
- Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model hereThe revised tax structure eliminates the 20–22% compensation cess previously levied on luxury vehicles, effectively reducing the overall ta...
- Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%India's new GST overhaul brings significant tax changes to the automobile sector. Small petrol and diesel cars will benefit from reduced ra...
- Tax on TV, fridge, commonly used household items came down post GST: FinMin reportThe GST has five tax slabs of 0, 5, 12, 18 and 28 per cent with daily essential items attracting 'nil' tax rates and some white goods, apar...
- Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenueThe Goods and Services Tax (GST), which subsumed 17 local taxes, was rolled out on July 1, 2017.
- Multiple rates a key problem with present GST: Bibek Debroy"Please understand these multiple rates are coming from... this desire to drive other ends through indirect tax policy and other concerns o...
- GST rate for services: Arun Jaitley gives you all the detailsThe Goods and Services Tax Council broadly agreed on 4 tax bracket for services, though they are yet to decide on a tax bracket for gold.
- Heavy bikes, yachts, private jets to attract 31 per cent GSTThe cess for motorcycles with more than 350 cc engine has been kept at 3 per cent, taking the total incidence of taxation to 31 per cent.
- Small-car buyers will have to shell out more under GST, SUVs to cost lessUnlike multiple taxes levied currently, the new tax structure will see a uniform rate of 28% on cars plus a cess of 1% for small petrol car...
- GST council clears up to 15 per cent cess on luxury carsWhile the exact cess would be decided by the GST council when the rates are finalised, FM said that the states and the Centre had given the...
- Auto industry meets Adhia; cess, luxury car definition in focusMaruti Suzuki MD and CEO Kenichi Ayukawa said implementation of Goods and Services Tax (GST) is good for the country but it has to be imple...
- Clubbing luxury cars with sin goods unfairThe GST Council finalised a four-tier structure, with the rates from 5 per cent to 28 per cent. Luxury and de-merit good would attract tax ...
- GST bill will be placed in Delhi Assly during 4-day sessionThe AAP government has already made it clear that it is in favour of GST, which would subsume a number of indirect central and state levies.
- Implementation of GST to benefit hospitality, luxury sectors by lowering costs for consumersA government-appointed panel has proposed 17-18% as GST which is much lower than what the hospitality and luxury sectors currently face.
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