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CESS ON SUV
Mahindra XUV700 new price drops by Rs 1.43 lakhs after GST overhaulMahindra XUV700 GST Rate Cut: Mahindra has reduced the prices of the XUV700, passing on the benefits of the revised GST slab to customers b...- New GST rate on cars and other vehicles simplified; check old vs new GST on automobilesThe GST Council has revised the Goods and Services Tax, simplifying it into 5% and 18% slabs. GST on small cars is reduced to 18%, while ot...
- GST relief on cars, but dealers stare at Rs 2,500 cr hitGST reforms have lowered car, SUV and two-wheeler prices, but PV dealers face ₹2,500 cr losses as the compensation cess lapses on Sept 22, ...
- Hyundai Motor India gets Rs 517.34 cr tax, penalty demand from GST authorityHyundai Motor India has received a demand of Rs 517.34 crore from tax authorities, including a penalty, for allegedly underpaying GST compe...
- Prices of SUVs and MPVs to go up 2% following the GST cess increaseThe GST Council in India has raised the cess on utility vehicles (UVs) by 200 basis points from 20% to 22%, leading to a price rise of 2% f...
- 'Sops for RuPay, BHIM-UPI are subsidy, not taxable'The Central Board of Indirect Taxes and Customs (CBIC) Friday clarified that incentives paid by the Ministry of Electronics and Information...
- New GST council norms remove Mahindra Thar from SUV category; Price-cuts expectedMahindra Thar is likely to get a price cut in India with GST council refuting its status of being an SUV. Per the new GST guidelines, SUVs ...
- What is SUV? Understand GST council's official definitionThe higher rate of 22% compensation cess applies to SUVs (sports utility vehicles) that fulfil all four criteria.
- GST impact: Ford Endeavour prices hiked, to set you back by Rs 1.8 lakh moreThe automaker has hiked prices following a change in the GST cess rates.
- Government notifies GST cess hike on mid and large cars, SUVsThe GST Council on September 9 had decided to hike cess on mid-size cars by 2%, on large cars by 5% and on SUVs by 7 per cent to bring tax ...
- Government notifies increase in cess ranging from 2-7% on motor vehiclesCess on mid-sized cars would go up by 2% to 17%, taking the total tax incidence to 45% from 43% now (28% GST + 7% cess).
- 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.
- The SUV sector is one of Maruti's best performing area: Ankit Merchant, KR ChokseySUV for M&M is nearly 60% to 70% of the whole which they get, most of their product segment is only related to SUV, added Merchant.
- Demand for large sedans, SUVs rises before new cess kicks inThe GST Council that fixes the levies is scheduled to meet this Saturday to determine the increase in the cess, which is charged above GST ...
- Cabinet may consider ordinance on GST cess hike tomorrowPresently, large motor vehicles, SUVs, mid-segment cars, large cars, hybrid cars and hybrid motor vehicles attract a cess of 15 per cent on...
- Cabinet may this week consider hike in GST cess on carsThe Cabinet may this week consider issuing an ordinance to increase the cess on mid- size, large cars and SUVs to 25 per cent from 15 per c...
- Raising of cap on cess to have more impact on SUV side: Ankit Merchant, KR Choksey"SUV is a market which is not very price sensitive so even though there is rise in prices due to the cess, I believe the demand is not like...
- 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.
- Govt notifies infra cess of up to 2.5% on carsGovernment today notified the imposition of infrastructure cess of up to 2.5 per cent on passenger vehicles, which was announced in Budget ...
- Budget 2016 brings 2 new cesses; additional revenue from levy at Rs 23,000 croreThe cess, which will be effective from June 1, 2016, will help finance and promote initiatives to improve agriculture, Finance Minister Aru...
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