Govt Specifies Retail Sale Price Based GST Cess Rate For Pan Masala, Tobacco
Pan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigarettes is 0.69 times.
Apr 09, 2023, 15:08 PM IST
GST Council to discuss compensation cess on Monday
As the GST compensation cess issue still remains unresolved with around 10 opposition-ruled states and Union Territories not agreeing with the Centre`s borrowing proposals, the GST Council, consisting of all state Finance Ministers and headed by the Union Finance Minister, will meet on Monday to discuss and try to reach to a consensus on the matter.
Oct 11, 2020, 19:43 PM IST
No plans to launch electric vehicles in India: Toyota
Viswanathan said electric vehicle technology is very simple and so, it's not very difficult to introduce such models, and agreed with the view that TKM can launch EVs at short notice.
Sep 23, 2017, 15:06 PM IST
India Inc disappointed over increase in cess limit on automobiles
The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 percent to 25 percent.
Aug 30, 2017, 23:28 PM IST
Hike in cess on luxury cars to impact growth, say auto companies
The Cabinet on Wednesday approved promulgation of an ordinance to amend the GST compensation law to pave the way for increasing cess on mid and large cars to 25 per cent, from 15 per cent.
Aug 30, 2017, 16:25 PM IST
Luxury cars, SUVs to get costlier as Cabinet approves ordinance to hike cess from 15% to 25%
After the cap on cess is raised, the total tax under Goods and Services Tax (GST) on such vehicles will go up to 53 percent from the current 43 percent as these have been placed under the highest tax slab of 28 percent.
Aug 30, 2017, 13:33 PM IST
Cess to yield Rs 55,000 crore in first 9 months of GST rollout
The Centre expects to mop up as much as Rs 55,000 crore by levy of cess, including a big chunk from demerit and luxury goods, during the 9-month period of the current fiscal after the Goods and Services Tax (GST) is rolled out from July 1.
May 29, 2017, 15:37 PM IST
