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LUXURY AND SIN GOODS
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...05 Sep, 2025, 11.28 AM IST- 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...04 Sep, 2025, 08.28 PM IST
- 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...29 Aug, 2025, 02.25 PM IST
- 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...16 Oct, 2024, 03.42 PM IST
- 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...03 Oct, 2024, 07.08 PM IST
- 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...28 Aug, 2024, 12.17 PM IST
- 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 ...04 Jul, 2022, 04.49 PM IST
- 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...26 Aug, 2020, 07.10 PM IST
- 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 ...26 Aug, 2020, 12.04 AM IST
- 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.30 Jun, 2019, 08.34 PM IST
- 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.21 Jun, 2019, 10.41 AM IST
- 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...18 Dec, 2018, 10.44 PM IST
- 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...28 Jul, 2018, 08.37 AM IST
- 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, 2017.27 Jul, 2018, 08.49 PM IST
- 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...01 Nov, 2017, 10.46 AM IST
- GST set for July but what's in it for aam aadmi? Here are 6 points19 Apr, 2017, 03.28 PM IST
- 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 ...04 Nov, 2016, 01.42 AM IST
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