Key highlights:

  • Hike in GST cess on mid-size cars will be 2%
  • GST cess on large cars increased by 5% to now 20%
  • SUVs to incur hike of 7% in cess to now 22%

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The GST Council on Saturday took the decision to increase the goods and service tax (GST) cess on mid-size, large cars and SUVs. They decided on an additional levy of 2 to 7% on them, but exempted small and hybrid cars from any hike.

The GST Council's decision to increase the GST cess brings the taxes to the pre-GST levels, said Finance Minister Arun Jaitley after an 8-hour long meeting with the council in Hyderabad.

However, the GST Council's revision in the GST cess on mid-size, large cars and SUVs was made to still keep it a little lower than the pre-GST levels.

Cess on luxury cars hiked;30 daily-use items cheaper under GST

  • India raises GST tax rates for larger cars; pushes back filing deadlines
  • Why hike in GST cess on luxury cars may dent investment, auto jobs in India
  •