Sun, May 24, 2020
Earlier, reports emerged saying that the central government is considering a calamity cess on the Goods and Services Tax.
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Sat, Sep 16, 2017
Car companies such Honda, Toyota, Fiat and Hyundai have all increased the priced of their cars after the increase in the GST Cess by the governement recently.
Wed, Sep 13, 2017
While passenger vehicles have registered a 7.5% growth during the April to August in FY18, it is a little lower to 11.3% growth in the same period in FY17.
Mon, Sep 11, 2017
The hike in the GST cess brings the total tax on mid-size, large luxury cars and SUVs to the similar to the pre-GST level.
Sun, Sep 10, 2017
While the GST cess on mid-size cars has increased by 2%, large cars has been hiked by 5% and SUVs by 7%.
The GST Council took the decision to increase the cess on various segment of cars individually, instead of having a common tax on all the cars of one size.
Thu, Sep 07, 2017
Finance Minister Arun Jaitley is "seriously" considering the demand of automobile manufacturers which have raised concerns over rise in cess on luxury vehicles, Union Heavy Industries Minister Anant Geete said today.
Wed, Aug 30, 2017
From destocking at dealerships to increase in discounts, these are some of the factors due to GST which will impact the automobile sectors Q2 results.
The Cabinet has approved the Finance Ministry's proposal to increase the GST cess on luxury cars by another 10%.
Fri, Aug 25, 2017
Mahindra's higher exposure to the SUV segment makes it especially vunerable to the impact of the hike in the GST cess expected soon.
Fri, Aug 18, 2017
Premium and luxury sedans priced at Rs 15 lakh and above saw a huge rise in sales during the month of July due the implementation of GST.
Tue, Aug 08, 2017
Except for small cars, all cars above 4 meters could see their prices go much above the pre-GST levels due to the hike in the on-road taxes in many states
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