Diabytes
Cess on luxury cars News
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The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 percent to 25 percent.
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The Cabinet on Wednesday approved promulgation of an ordinance to amend the GST compensation law to pave the way for increasing cess on mid and large cars to 25 per cent, from 15 per cent.
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After the cap on cess is raised, the total tax under Goods and Services Tax (GST) on such vehicles will go up to 53 percent from the current 43 percent as these have been placed under the highest tax slab of 28 percent.
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