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CESS ON LUXURY CAR
GST on luxury cars: Mercedes, BMW, Audi might see a price drop; Check likely price cutsIndia's GST council has streamlined indirect taxes to two slabs, reducing prices on over 400 items. While luxury cars face a 40% 'special s...- GST Council retains 28% tax and cess on tobacco, sin goodsThe Union finance minister will decide on the date when the new tax rate for these items will be applicable. Currently, such products attra...
- Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%India's new GST overhaul brings significant tax changes to the automobile sector. Small petrol and diesel cars will benefit from reduced ra...
- Luxury car makers seek reduction in taxes on automobiles in upcoming Budget"Anything which is a deterrent to the demand in the sector we should stay away because at the end that will cause problem," Mercedes-Benz I...
- Mercedes says reduction in cess to go long way in expanding luxury car segment in IndiaThe automaker, which remains cautiously optimistic about its sales outlook in the country next year, noted that reduction in cess would hel...
- Steep GST, cess drive Toyota Camry hybrid out of productionSales dropped precipitously after the price surged on imposition of 28% GST plus the 15% cess for luxury cars.
- Auto shares advance despite GST cess hikeThe increased GST cess on mid- and high-segment cars approved by the GST Council will come into effect from Monday.
- Finance Minister considering auto makers concern on hike in GST cess: Anant GeeteLuxury car makers have hit out at the move to hike cess on large cars and sports utility vehicles (SUVs) to 25 per cent, saying it was agai...
- Cabinet clears Ordinance to allow hike in GST cess on carsThe Cabinet today gave its nod for hike in cess on mid-size, large cars and SUVs to 25 per cent from 15 per cent under the new GST regime.
- Transport buses to attract 15% cess over GST, to cost moreAs per the latest Finance Ministry notification, motor vehicles for the transport of 10 or more persons, including the driver, will attract...
- Cess to yield Rs 55,000 crore in first 9 months of GST rolloutThe amount to be raised through cess on coal as well as luxury items and sin goods will be used for compensating states for revenue shortfa...
- Heavy bikes, yachts, private jets to attract 31 per cent GSTThe cess for motorcycles with more than 350 cc engine has been kept at 3 per cent, taking the total incidence of taxation to 31 per cent.
- Small-car buyers will have to shell out more under GST, SUVs to cost lessUnlike multiple taxes levied currently, the new tax structure will see a uniform rate of 28% on cars plus a cess of 1% for small petrol car...
- GST council clears up to 15 per cent cess on luxury carsWhile the exact cess would be decided by the GST council when the rates are finalised, FM said that the states and the Centre had given the...
- GST Council caps cess on demerit goods at 15%The 15 per cent cess cap would apply on luxury cars and aerated drinks. On pan masala, the cess has been capped at 135 per cent ad valorem.
- Auto industry meets Adhia; cess, luxury car definition in focusMaruti Suzuki MD and CEO Kenichi Ayukawa said implementation of Goods and Services Tax (GST) is good for the country but it has to be imple...
- GST protecting people at lower end: Arvind Subramanian, Chief Economic Advisor“The clean energy cess, cess on tobacco, cess on paan, cess on luxury cars and the cess on aerated beverages will remain the same as what i...
- Clubbing luxury cars with sin goods unfairThe GST Council finalised a four-tier structure, with the rates from 5 per cent to 28 per cent. Luxury and de-merit good would attract tax ...
- Looking to buy a car? Get one now at pre-budget pricesManufacturers expect the offers to help drive up March retail sales in double digits, but they are unsure about the following months.
- Duties up 100 per cent in 3 years: LamborghiniThe Lamborghini products sold in India include the Aventador Roadster LP 700-4, Aventador Coupe LP 700-4 and the Huracan LP 610.
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