Luxury Goods

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Luxury Goods - Total results - 11
Future of Indian luxury goods market uncertain in post-COVID-19 economy, says management expert
Business

Future of Indian luxury goods market uncertain in post-COVID-19 economy, says management expert

Global luxury sales could drop up to 35 percent by the end of 2020, according to a recent report by Bain & Company, a management consultant firm.

Priyanka Chopra ordered to pay tax on luxury watch and sedan with combined worth of Rs 67 lakhs; actress says they were gifts
Entertainment

Priyanka Chopra ordered to pay tax on luxury watch and sedan with combined worth of Rs 67 lakhs; actress says they were gifts

Priyanka Chopra has been ordered by the Income Tax Appellate Tribunal to pay a luxury tax for a LVMH-TAG watch worth Rs 40 lakh and a Toyota Prius sedan worth Rs 27 lakh

High-end street wear has helped bring steady growth to global luxury market
Entertainment

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
Business

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
Business

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
Business

GST Council to fix tax rate on gold and other commodities today; jewellers on toes

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
Business

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%
Business

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
Business

GST Bill: Cong's 18% rate a pipe dream while Arun Jaitley's 20% economically workable

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
Tech

World's most expensive smartphone Vertu Ti in India for Rs 6.5 lakh

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
News & Analysis

World's most expensive smartphone Vertu Ti in India for Rs 6.5 lakh

The world's most expensive smartphone, the bling-laden Vertu Ti is now in India for a whopping Rs 649,990.