GST: A Bumpy Ride Or An Easy Ride
Fresh Cess Beats
October 03, 2017, 12:05 ISTThe GST Council, in its meeting held on 9 September, hiked the cess on mid-sized cars (engine 1500cc) by 5 per cent and that for SUVs by 7 per cent. This takes the total tax incidence on these cars to 45 per cent, 48 per cent and 50 per cent, respectively, and lead to 1-4 per cent price hike.
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