Honorable Finance minister, Mr. Arun Jaitley, made a decision during the GST Council meeting held on 09th Sep @ Hyderabad, to increase the GST Cess for mid-to-large segment automobiles.
With this, the GST cess on mid-segment Cars (<1500cc) will go up by 2%, large Cars by 5% and SUVs by 7%. The effective tax burden is expected to be less than the pre GST levels. Interestingly no changes made to GST Cess on hybrid vehicles falls in the expensive category.
