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COMPENSATION CESS : WHAT A MESS

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 9-8-2017 Last Replied Date:- 9-8-2017 - We all know that compensation cess has been introduced in GST with the sole objective of collecting revenue (not tax) in the form of a compensat .....

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cordingly compensation rates were decided, notified on select items as per the scheme of law. All vehicles on which cess was notified, flat rate of 15 percent had been fixed which resulted in all vehicles getting cheaper in final price- some with sma .....

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ave become cheaper than the earlier regime and accordingly has decided to raise the rate of cess chargeable on select vehicles so that they do not result into prices which are lower than the earlier tax regime. Good for those who purchased in last fe .....

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down and such rate fixation had been done with considerable discussions and after a lot of thought process was involved. Government has now have a afterthought that why should the prices be lowered on such items and therefore, come out with an idea .....

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the overall tax incidence on motor vehicles come down as compared to the pre GST tax regime (see table below): Segment Excise CST VAT Infrastructure Cess Luxury cess Total pre GST rate GST Cess Effective GST Change Two / three wheelers 12.5 2 13.5 N .....

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-12.3 Commercial vehicles 12.5 2 13.5 NA NA 30.2 28 0 28 -2.2 NA: Not applicable CST: Central sales tax VAT: Value added tax As a result of proposed increase of compensation cess by 10%, price of motor vehicles such as sports utility vehicles (SUV .....

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capacity, mid segment / large cars, hybrid cars and SUVs. While GST Council and the Central Government has all powers to do so, there are few questions to be addressed. It was a Council's decisions taken with full conscience in meeting dated 18 .....

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