Tag: Gst Cess

New Delhi: The Union Cabinet on Wednesday approved an ordinance to raise the ceiling on GST cess for luxury vehicles and SUVs from the current 15 per cent to 25 per cent. This can lead to a hike in prices of high-end cars. Briefing reporters after the Cabinet meeting, Finance Minister Arun Jaitley said it […]

New Delhi: The GST Council on Monday raised the cess on cigarettes to take away an estimated INR 5,000 crore annual “windfall” manufacturers could have reaped from lower GST rates, Finance Minister Arun Jaitley said on Monday. However, cigarette prices will not change as a result of the increased cess which would be effective from […]