Tax On Luxury Items
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Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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From Dining Out To Luxury Flights, Here's How Much You'll Save Or Spend
Planning a dinner out, a quick vacation, or even just stocking up your kitchen? The new GST rules change how you pay. While your restaurant bill and grocery basket are set to shrink, flying business class or owning a yacht will get expensive.
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Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
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Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
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Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
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Six Things You Must Know About the New GST Rates
It was decided in the GST Council meet on Friday that all restaurants will now be levied GST at 5%, without input tax credit benefits.
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Cars, Common Use Items On GST Council Radar Today: 10 Things To Watch Out For
The 21st meeting of the GST Council is likely to consider lowering tax rates on over two dozen products.
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GST Rate Undecided Amid Tussle Over Share Of Centre vs States: 10 Facts
The rate of the new Goods and Services Tax or GST remains undecided with states and the centre disagreeing on fundamentals of the tax reform at a crucial meeting.
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Finance Minister Arun Jaitley Stays Firm On Excise Duty On Jewellers
Refusing to relent on excise duty levy on non-silver jewellery goods, Finance Minister Arun Jaitley today said a "luxury item" cannot remain out of tax ambit when taxes need to be paid on many essentials.
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Luxury Tax Makes Samosa, Mosquito Repellents Dearer In Bihar
Samosas and mosquito repellents among other 'high-cost' items have become costlier in Bihar after the state government decided to impose a hefty 13.5 per cent tax on them to raise funds for developmental projects, a decision inviting sharp criticism from the opposition.
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Bihar Levies Tax on Samosa: Govt. to Impose 13.5% Tax on Luxury Items
Decision to this effect was taken at a meeting of state cabinet presided over by Chief Minister Nitish Kumar.
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Nitish Kumar's Cabinet Lists Samosa Among 'Luxury' Items, Imposes Tax
The Nitish Kumar government in Bihar has put the humble samosa on a list of 'luxury items' that will now attract 13.5 per cent tax to fund development work.
-
Tax Cuts, Sales Boost: Everything You Need To Know About New GST Rates
Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
-
From Dining Out To Luxury Flights, Here's How Much You'll Save Or Spend
Planning a dinner out, a quick vacation, or even just stocking up your kitchen? The new GST rules change how you pay. While your restaurant bill and grocery basket are set to shrink, flying business class or owning a yacht will get expensive.
-
Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
-
Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
-
Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
-
Six Things You Must Know About the New GST Rates
It was decided in the GST Council meet on Friday that all restaurants will now be levied GST at 5%, without input tax credit benefits.
-
Cars, Common Use Items On GST Council Radar Today: 10 Things To Watch Out For
The 21st meeting of the GST Council is likely to consider lowering tax rates on over two dozen products.
-
GST Rate Undecided Amid Tussle Over Share Of Centre vs States: 10 Facts
The rate of the new Goods and Services Tax or GST remains undecided with states and the centre disagreeing on fundamentals of the tax reform at a crucial meeting.
-
Finance Minister Arun Jaitley Stays Firm On Excise Duty On Jewellers
Refusing to relent on excise duty levy on non-silver jewellery goods, Finance Minister Arun Jaitley today said a "luxury item" cannot remain out of tax ambit when taxes need to be paid on many essentials.
-
Luxury Tax Makes Samosa, Mosquito Repellents Dearer In Bihar
Samosas and mosquito repellents among other 'high-cost' items have become costlier in Bihar after the state government decided to impose a hefty 13.5 per cent tax on them to raise funds for developmental projects, a decision inviting sharp criticism from the opposition.
-
Bihar Levies Tax on Samosa: Govt. to Impose 13.5% Tax on Luxury Items
Decision to this effect was taken at a meeting of state cabinet presided over by Chief Minister Nitish Kumar.
-
Nitish Kumar's Cabinet Lists Samosa Among 'Luxury' Items, Imposes Tax
The Nitish Kumar government in Bihar has put the humble samosa on a list of 'luxury items' that will now attract 13.5 per cent tax to fund development work.
