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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. According to the rate structure finalised by the GST Council here, all cars, buses, trucks and motorcycles including moped as well as personal aircraft and luxury yachts will attract a peak Goods and Services Tax (GST) of 28 per cent. All classes of c .....

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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. Aerated drinks and lemonade will attract 12 per cent cess on top of the peak rate while pan masala gutkha will be charged 204 per cent cess on top of the peak rate from July 1, the scheduled date for rollout of the GST. The Centre and states have ag .....

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