Ordinance to hike cess on luxury cars to up to 25% approved
The government on Wednesday approved an ordinance for raising GST cess on luxury cars and sport utility vehicles to up to 25% from 15%. It is now up to the GST Council to decide on the quantum of cess hike within the 25% cap, Finance Minister Arun Jaitley said. The cess will be in addition to the 28% GST rate.