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Gst Cess Hike Latest Videos

Gst Cess Hike Latest News

  • In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Cess will be applicable along with the 28 per cent GST that is already applicable on cars that are over the 4-metre length category. In a statement, the Finance Minister Arun Jaitley said that the Cess on luxury cars has been increased in order to compensate states for revenue loss on account of implementation of the Goods and Services Tax or GST. This bill will now officially replace the ordinance, which was issued in September by the GST council that increased the GST on cars over the 4-metre length bracket.
    GST Cess: Bill Allowing Cess Increase On Luxury Cars Passed By Lok Sabha
  • Price of Endeavour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant, while the impact on company's other models has not been much.
    GST Cess: Ford Endeavour To Become More Expensive
  • Mahindra Group Chairman and Managing Director Anand Mahindra says for India to attract fresh investment, there must be stability, unlike flip-flops seen in government policy. Mahindra also says industry and government must work together to take on any challenges.
    Anand Mahindra Calls For Stable Policy Environment
  • The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
    SIAM Relieved At New Cess Rates
  • Prices of most SUVs were cut between Rs 1.1 lakh and Rs 3 lakh following the implementation of GST, which subsumed over a dozen central and state levies like excise duty, service tax, and VAT from July 1.
    GST Cess Hike On Luxury Cars Approved By Cabinet; SUVs To Get Pricier

Reviews

  • Renault India has announced that they will increase the prices of all its vehicles in India. Rising input costs for the company has been attributed as the cause of the price rise.
    Renault India Announces Price Hike From January 1 2015
  • Bajaj Auto is looking to raise prices of its two models - Platina and Discover - from next month in order to partially offset increase in input costs. The Pune-based company had earlier raised prices of its Pulsar model range by Rs 1,000 at the end of festival season this year.
    Bajaj Mulls Price Hike for Discover, Platina Models From January
  • Honda Cars India today reported 17.8 per cent increase in domestic sales at 13,362 units for last month.The company sold 1,333 units of its small car Brio, 4,752 units of compact sedan Amaze and 7,218 units of the mid-sized sedan City.
    Honda Cars India Continues to Grow; Records 17.8 % Hike in May
  • Toyota Kirloskar Motor today reported a nearly 6 per cent increase in total sales at 13,230 units in May 2014.The company had sold 12,502 units in the corresponding month of the previous year, Toyota Kirloskar Motor (TKM) said in a statement.
    Toyota India Records 6 Percent Hike in May 2014