GST Council increases cess on mid-size-large cars and SUVs

GST Council increases cess on mid-size-large cars and SUVs. The increase is 2 % on mid size cars, 5% on Large cars and 7% on SUVs

In its 20th meeting held on the 5th of August 2017, the GST Council had considered the issue of cess leviable on motor vehicles and recommended increasing the maximum ceiling of cess leviable on motor vehicles falling under headings 8702 and 8703 including SUVs, to 25% instead of present 15% . However, the decision to raise the actual cess leviable was deferred,

Now, the GST Council in its 21st meeting held on 9th September, 2017 has recommended increase in Cess on Motor Vehicles 

Increase in rate of the Compensation Cess on certain specified motor vehicles

As per discussions in the GST Council Meeting held on 9th September, 2017: