LS passes bill for GST cess hike on luxury cars to 25%

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LS passes bill for GST cess hike on luxury cars to 25%

The Lok Sabha approved on Wednesday a bill to hike cess on luxury vehicles from 15 per cent to 25 per cent with a view to enhance funds to compensate states for revenue loss following the rollout of GST. The GST (Compensation to States) Amendment Bill, 2017, was passed by the Lower House amid uproar by the opposition over controversial comments made by Union Minister Anant Kumar Hegde on secularism and the Constitution.




The Business Standard, New Delhi, 28th December 2017

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