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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
Home/News/Cabinet nod for Ordinance to hike cess o…
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Cabinet nod for Ordinance to hike cess on luxury vehicles

New Delhi: Luxury cars and SUVs may become more expensive with the Union Cabinet yesterday approving an ordinance to raise the maximum compensation cess that can be levied over and above the…

By Author
Published August 31, 2017 · 2 min read
cabinet nod for ordinance to h

New Delhi: Luxury cars and SUVs may become more expensive with the Union Cabinet yesterday approving an ordinance to raise the maximum compensation cess that can be levied over and above the 28% GST on such cars, from 15% to 25%.

However, these changes will not come into effect immediately. The final decision on whether the cess should be raised, and by how much, will be taken by the GST Council, whose next meeting is on Sept. 9.

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