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GST council clears up to 15% cess on luxury cars

GST council clears up to 15% cess on luxury cars

Friday, March 17, 2017, 2:05 PM

The GST council on Thursday agreed on fixing the ceiling on cess that would be imposed under the new regime to fund compensation to states for any revenue loss, with luxury cars, soft drinks and mineral water facing up to 15% levy on top of the 28% GST rate. While the exact cess would be decided by GST council when the rates are finalized.
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