Search result for 'sin goods'

The GoM on GST rate rationalisation has deferred submission of its report to the GST Council, which suggested rate rationalisation in 148 items, including a higher tax on sin goods.

The 55th GST Council meeting will discuss reducing taxes on health and life insurance, bringing ATF under GST, and rate revisions on 148 items. Learn about the proposed changes and the impact on...

The GST Council is set to discuss rate changes on insurance premiums, luxury items like watches and shoes, and a potential new 35% tax slab for sin goods. The meeting will also deliberate on...

The All India Consumer Products Distributors Federation (AICPDF) has urged the government to reconsider a proposed GST rate hike on aerated beverages, citing concerns about its impact on...

The CBIC clarifies that the GoM on GST rate rationalisation has not yet submitted its recommendations to the GST Council, which will make the final decision on any tax rate changes.

Shares of ITC, VST Industries, and Varun Beverages declined after a GoM proposed a 35% GST on sin goods including aerated beverages, cigarettes, and tobacco products.

India's GST Council may hike taxes on sin goods like cigarettes, tobacco, and aerated beverages to 35% on Dec 21. The decision comes after a GoM recommendation for rate rationalization.

India's 18% GST slab contributed the most to FY24 revenues, while the 12% slab contributed just 5-6%, Lok Sabha was informed. The GST Council is reviewing rates and potential slab mergers.

The GST Council will meet in Jaisalmer on Dec 21 to discuss insurance levy, rate rationalization, including potential reductions for common items. Learn more about the proposed changes.

Finance Minister Nirmala Sitharaman to meet state finance ministers for pre-budget consultations and GST Council meeting on December 21-22, focusing on health ''insurance GST and rate...

The GoM on GST rate rationalisation has decided to lower taxes on water bottles, bicycles, and exercise notebooks while raising rates on high-end shoes and watches.

GST Council's GoM to meet on Saturday to discuss GST rate rationalization and lowering tax on health & life insurance premiums. The meeting aims to optimize GST rates and revenue.

A panel of ministers discussed merging GST compensation cess into taxes. States propose restructuring the cess, ending in March 2026, with no new luxury goods added.

The GST Council's GoM on rate rationalisation discussed lowering taxes on several items, including bicycles and bottled water, aiming for relief to the common man. The next meeting is on October 20.

The GST Council's ministerial panel on rate rationalization will meet on September 25 to discuss tweaking tax slabs and rates. The GoM will analyze implications of rate changes on various items.

The GST Council will decide on reducing tax rates for health and life insurance premiums at its next meeting in November, following a recommendation from a Group of Ministers.

India's GST Council will meet on September 9 to discuss rate rationalization and compensation cess on luxury and sin goods. The Finance Minister has stated that a final decision will be taken later.

Hospitality players urge the government to accord infrastructure status to hotels in the upcoming Budget, seeking incentives and tax breaks to boost investment and growth in the sector.