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Heavy bikes, yachts, private jets to attract 31 pc GST

Goods and Services Tax - GST - Dated:- 19-5-2017 - Srinagar, May 19 (PTI) Motorcycles of more than 350 cc engine capacity will attract a total of 31 per cent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts. A .....

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ars and SUVs as well as motorcycles of more than 350 cc engine capacity will also attract an additional cess. The cess for motorcycles with more than 350 cc engine has been kept at 3 per cent, taking the total incidence of taxation to 31 per cent. Th .....

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will be charged 3 per cent cess. Mid-sized cars, SUVs and luxury cars will all attract 15 per cent cess, same as that for buses and vans that can carry more than 10 persons. Hybrid cars of more than 1500 cc engine would also attract 15 per cent cess. .....

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reed to impose cess on demerit and luxury goods under the GST regime, over and above the peak tax rate of 28 per cent. On tobacco, the cess will vary from 71-204 per cent. Also, scented zarda and filter khaini will attract 160 per cent cess, while fo .....

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