Luxury Goods
Recent Highlights
All Stories for Luxury Goods
High-end street wear has helped bring steady growth to global luxury market
•High-end street wear helped boost global sales of luxury personal goods by 5 percent in 2017 to an estimated $309 billion according to Bain & Company study
August GST mop-up Rs 90,669 cr; July transitional claims Rs 12,000 cr, not Rs 65,000 cr, says govt
•As per the tax sharing formula, the Centre will compensate states for any revenue loss calculated on a base year of 2015-16 and assumed revenue growth of 14 percent.
GST rate for gold fixed at 3%, biscuits 18%, bidis 28%; states, except West Bengal, agree to 1 July rollout
•New Delhi: Footwear below Rs 500 will be taxed at 5 percent under the Goods and Services Tax, while the rest would be in the 18 percent bracket once the new regime is rolled out from 1 July.
GST Council to fix tax rate on gold and other commodities today; jewellers on toes
Fp Staff •This will probably be the last meeting of the GST Council before the implementation of the new tax regime from 1 July
GST: Hasmukh Adhia tells companies to hold prices till roll out on 1 July
•The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.
Peak GST rates: Aerated drinks, luxury goods to get costlier as tax may go up to 43%
•Tobacco cess will be capped at a mixture of Rs 4,170 per 1,000 sticks or ad valorem of 290 percent
GST Bill: Cong's 18% rate a pipe dream while Arun Jaitley's 20% economically workable
Jagannathan •Even though 20 percent is a stiff GST rate, it seems to be the appropriate level at which all considerations merge: inflation and revenue loss risks will be tolerable, and the political fallout minimal.
World's most expensive smartphone Vertu Ti in India for Rs 6.5 lakh
Fp Staff •The world's most expensive smartphone, the bling-laden Vertu Ti is now in India for a whopping Rs 649,990.
World's most expensive smartphone Vertu Ti in India for Rs 6.5 lakh
Fp Staff •The world's most expensive smartphone, the bling-laden Vertu Ti is now in India for a whopping Rs 649,990.