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INFRASTRUCTURE CESS ON VEHICLES (PART-I)

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 8-4-2016 - In the Budget speech for 2016-17, Finance Minister expressed his and the Government's concern on the rising pollution and traffic situation in Indian cities. Para 153 of the speech reads .....

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vehicles and SUVs . Statutory Provisions The statutory provisions governing the levy of infrastructure cess are contained in Chapter VII (Clause 159) of the Finance Bill, 2016 as extracted below: (1) In the case of goods specified in the Eleventh Sch .....

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ucture projects. (2) The cess leviable under sub-section (1), chargeable on the goods specified in the Eleventh Schedule shall be in addition to any other duties of excise chargeable on such goods under the Central Excise Act, 1944 or any other law f .....

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pply in relation to the levy and collection of the cess leviable under sub-section (1) in respect of the goods specified in the Eleventh Schedule as they apply in relation to the levy and collection of the duties of excise on such goods under the sai .....

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s to levy infrastructure cess at the rate of 4 percent as duty of excise on the goods specified in the Eleventh Schedule. Eleventh Schedule to the Finance Bill, 2016 refers to all goods falling under heading 8703 of the First Schedule to the Central .....

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vehicles laws, 2.5 percent on diesel cars of specified capacity and 4 percent on other higher engine capacity vehicles and SUVs. Infrastructure Cess W.e.f. 1st March, 2016 Authority Clause 159 ; Chapter VII of 2016 of Finance Bill, 2016 On Specified .....

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