Cess On Luxury Cars

Friday, Apr 26, 2024 | Last Update : 07:46 AM IST

Luxury vehicles currently attract the top GST slab of 28 per cent. (Photo: Audi)

High taxes hampering growth of luxury car segment in India: Audi

Luxury car volumes account for less than 2 per cent of the overall passenger vehicle sales annually

31 Oct 2021 11:38 AM

Honda Cars India on Thursday said it has hiked the prices of its models following the implementation of GST cess. Photo: PTI

Honda hikes car prices by up to Rs 89,069 to pass on GST cess

The company has increased the price of its mid-sized sedan City between Rs 7,003 and Rs 18,791 depending on various variants.

14 Sep 2017 5:31 PM

Hyundai Motor India (HMIL) on Tuesday hit out at the frequent changes in tax rates on automobiles.

Hyundai hits out at changing tax rates, says it will affect investment

The GST Council last week decided to hike cess on mid-size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent.

12 Sep 2017 5:22 PM

Automakers are planning to pass on the increased cess on mid-sized and large cars along with SUVs, after the GST Council’s decision to raise it by up to 7 per cent.

M&M, Audi, Mercedes Benz plan to pass on cess hike on cars to customers

The companies said the constant changes in rates could lead to market instability and affect demand growth trends.

10 Sep 2017 7:03 PM

The increased GST cess on mid-sized, luxury and SUV cars will come into effect from Monday.

GST cess hike on luxury, mid-sized cars to take effect tomorrow

The GST Council on September 9 decided to hike cess on mid-sized cars by 2 per cent, taking the effective GST rate to 45 per cent.

10 Sep 2017 6:34 PM

Finance MInister Arun Jaitley chaired the 21st GST Council meet. Photo: File/PTI

GST Council hikes cess on luxury cars, slashes rates for daily-use items

Jaitley said GST on about 30 items have been lowered after anomalies in the fixation of rates were pointed out.

10 Sep 2017 10:43 AM

Revenue Secretary Hasmukh Adhia with Finance Minister Arun Jaitley at a GST Council meet. (Photo: File/PTI)

GST Council may fix tax anomalies, car cess hike today

The Council will also take up IT related issues in GST network which has faced glitches.

09 Sep 2017 10:06 AM

Mahindra & Mahindra said the proposed hike in GST cess on SUVs and bigger cars should not be implemented during the festive season.

Defer hike in GST cess on luxury cars: M&M

The company said that the move to raise cess by 10 per cent should not be implemented during festive season.

07 Sep 2017 5:55 PM

Finance Minister Arun Jaitley. (Photo: PTI)

FinMin says considering auto makers' concern on hike in GST cess

Luxury car makers have hit out at hike in cess on large cars and SUVs to 25 per cent under GST.

07 Sep 2017 1:23 PM

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Sunil Gatade