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LUXURY AND SIN GOODS
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...- 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...
- New GST rates: You missed the deals that may not return nowIndia's GST Council has introduced GST 2.0, cutting rates on essentials to boost consumption before Diwali, while increasing taxes on luxur...
- Smallcap multibagger stock hits 5% upper circuit after Rs 5.5 crore investment by Porinju VeliyathFratelli Vineyards shares: Investor Porinju V Veliyath bought 5 lakh shares worth ₹5.5 crore. The move coincides with the GST Council’s shi...
- Porinju Veliyath buys shares worth Rs 5.5 crore in Fratelli Vineyards via bulk dealsInvestor Porinju Veliyath acquired 5 lakh shares in Fratelli Vineyards worth Rs 5.5 crore via bulk deals. The stock rose 5% to Rs 109.70 de...
- Opposition states seek compensation over GST rejig, flag Rs 2 lakh crore revenue riskSeveral opposition-ruled states are worried about potential revenue losses from the Centre's GST restructuring plan. They anticipate losses...
- 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...
- States are also cautious on GST rate cuts: FM SitharamanFinance Minister Nirmala Sitharaman remarked that states are cautious about implementing GST rate cuts, aiming to protect revenue without i...
- Highest 28% GST on luxury, sin goods to continue: Revenue Secy Tarun BajajAddressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five ...
- Auto stocks in demand; jump up to 8.5%Two-wheelers are neither a luxury nor sin goods and so merit a goods and services tax (GST) rate revision, Finance Minister Nirmala Sithara...
- Two-wheelers neither luxury nor sin goods, merit GST rate revision: FMLast year, the country's largest two-wheeler maker Hero MotoCorp had urged the government to consider a phase-wise reduction in GST on the ...
- Stop calling luxury cars as sin goods; reduce GST: JLRIf sin goods mean expensiveness, then even wearing expensive shirts would also be 'sin', JLR India MD said.
- Doing business in India complex, need policy certainty: MercSales in the luxury segment have been badly impacted, in line with the sombre mood in the overall auto industry.
- 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...
- 28% GST slab being phased out: Arun JaitleyIt is only a matter of time that the final obituary of the ‘Congress Legacy Tax’ is written. Only the luxury-sin tax would remain,” Jaitley...
- 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.
- Good days may follow goods in highest tax slab, next big GST move could reduce prices of many itemsItems in the 28% slab include washing machines, refrigerators, cement, ceiling fans, watches, automobiles, tobacco products, nutritional dr...
- GST set for July but what's in it for aam aadmi? Here are 6 points
- 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 ...
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