New Delhi: The government today announced that the increased Goods and Services Tax (GST) cess on mid- sized, luxury and SUV cars will come into effect from tomorrow, September 11.
“Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017,” the Central Board of Excise and Customs (CBEC) said in a tweet.
The new cess for cars will be effective from the same day, the government source said.
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.
The cess on large cars has been hiked by 5 per cent, taking the total GST incidence to 48 per cent while that of SUVs by 7 per cent to 50 per cent, sources said.
