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Luxury Cars become expensive : GST cess hiked from today

The GST Council , on Saturday, decided to hike cess on mid-sized, luxury and SUV cars.

Where GST cess on mid-sized cars has been hiked by 2 per cent (effective GST rate becomes 45 per cent),cess on large cars has been hiked by 5 per cent, taking the total GST incidence to 48 per cent. GST cess on SUVs has been hiked by 7 per cent to 50 per cent.

GST Cess on small petrol and diesel cars and those carrying up to 13 passengers has not been hiked.

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