Cabinet okays ordinance to allow hike in GST cess on cars

The proposal before the Cabinet was to hike the cess rate on these cars to 25 per cent.

The Union Cabinet on Wednesday gives its go ahead to the promulgation of an ordinance to increase cess on cars under the new GST regime. 
 
The mid-sized, large cars and luxury cars have become cheaper after the GST came into force.
 
Currently, 15 per cent cess is levied from the cars.
 
The proposal before the Cabinet was to hike the cess rate on these cars to 25 per cent. 
 
The GST Council, in its August 5 meet, had allowed raising cess on the cars. 
 
The Council, in its next meeting scheduled on September 9, may decide on the date when the increased cess will be applicable.
 
Source: Media reports

Event date: 
Thursday, August 31, 2017

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