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Govt notifies GST cess hike on mid & large cars, SUVs

Goods and Services Tax - GST - Dated:- 12-9-2017 - New Delhi, Sep 12 (PTI) The government has notified levy of increased GST cess of up to 7 per cent on mid-size, large and SUV cars. The GST Council on September 9 had decided to hike cess on mid-size .....

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es came into effect. The effective GST rate on mid-size cars will be 45 per cent, and on large cars it would be 48 per cent. The rate will be 50 per cent on sports utility vehicles (SUVs), which include cars with length exceeding 4,000mm and having a .....

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ays. To fix this anomaly, the council raised the cess. The Finance Ministry now has amended the notification 'Compensation Cess (Rate)', dated the June 28, 2017, and brought in the changes in the rate of cess to be levied. However, cess on sm .....

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hike the cess from 15 per cent to up to 25 per cent. The Council then on September 9 decided on the quantum of hike in cess in various segments. After the GST council meet, Finance Minister Arun Jaitley had said that in large vehicles where affordabi .....

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