Govt set to hike cess on luxury cars under GST via ordinance
The government is reportedly set to promulgate an ordinance, allowing an increase in cess on luxury cars and SUVs, to restore tax revenue from the automobile industry that got affected in the transition to GST. Notably, the GST Council earlier recommended the government to raise cess on SUVs and luxury cars from 15% to 25%, in addition to 28% GST.