GST cess hike on lux­ury cars ap­proved

Mint ST - - THE BRIEFING -

New Delhi: The cab­i­net on Wed­nes­day ap­proved an or­di­nance en­abling the gov­ern­ment to raise the goods and ser­vices tax (GST) cess on medium-to-large cars and sport util­ity ve­hi­cles (SUVS) to 25% from 15%. The or­di­nance is ex­pected to pre­cede a 9 Septem­ber meet­ing in Hy­der­abad of the GST Coun­cil, the fed­eral body that de­cides on all in­di­rect tax matters. At the meet­ing, the coun­cil may de­cide where to fi­nally fix the cess, which is now at 15%. Prices of most SUVS were cut by be­tween Rs1.1 lakh and Rs3.5 lakh after the GST roll­out on 1 July. PAGE 5

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