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Auto Industry, Government Discuss Cess, Luxury Car Definition

The GST Council last week decided on a four-tier GST tax structure of 5, 12, 18 and 28%.
The GST Council last week decided on a four-tier GST tax structure of 5, 12, 18 and 28%.
New Delhi: The auto industry on Monday discussed with Revenue Secretary Hasmukh Adhia the rate of cess and definition of luxury cars under the GST regime, which is likely to kick in from April next. In the pre-budget meeting with the revenue department, the auto industry had sought clarity from the revenue department on the transitional issues before the rollout of GST.  "We have talked about the cess rate that will apply on luxury...
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