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cabinet may hike in gst cess on cars




the cabinet may this week consider issuing an ordinance to increase the cess on mid-size, large cars and suvs, to 25% from 15% under the gst regime at present.the gst council, the apex tax rate-setting body under the goods and services tax regime, had on august 5 approved raising cess on suvs, mid-s...



gst: hike in cess to impact growth of global models in india, says honda




the move to hike ceiling of cess on large cars and suvs (sports utility vehicles) to 25 per cent under the new goods and services tax (gst) regime would impact growth of advanced global models in india and could come in the way of the country becoming a global hub for automobile production, accordin...



cigarette prices will not rise post cess hike: cbec




the hike in cess will not result in rise in cigarette prices, central board of excise and customs chief vanaja sarna said on wednesday after cigarette industry body, the tobacco institute of india (tii) appealed to the gst council to roll back the cess.vanaja said the government has only corrected a...



small cars to cost more, luxury cars less




buying a car in india will undergo changes, thanks to gst. customers of small cars will have to shell out more cash, while luxury players have reasons to smile. meanwhile, the industry is in wait-and-watch mode, even as sentiments seem to be mixed.while small cars will be charged a 1% cess over the ...



gst council caps cess on demerit goods at 15 pc




a maximum of 15 per cent cess on top of the peak gst rate of 28 per cent will be levied on luxury goods and aerated drinks after the gst council today approved a cap on cess along with supporting legislations.the actual cess on demerit goods, which will help create a corpus for compensating states f...



no revision in cess on hybrid cars, small cars: finmin




arup roychoudhary  |  new delhi  august 10, 2017 last updated at 02:07 ist



luxury car firms lash out at govt on cess flip-flop




shocks and surprises have not abated for the domestic car industry. there was a short-lived euphoria after the goods and services tax (gst) roll-out lowered the levy on passenger vehicles, especially luxury cars and sports utility vehicles. now the manufacturers are staring at a situation where pric...



peak rates on luxury goods fixed




the gst council on thursday decided to cap the cess on luxury and sin goods at 15% taking the peak gst rate at 43% for these items even as it cleared all supporting laws. this makes the july 1 rollout date more achievable.however, on pan masala and tobacco, the cess caps were a high 135% and 290%, r...



gst: cars, durables face 28% rate; luxury vehicles to attract 15% cess




press trust of india  |  srinagar  may 18, 2017 last updated at 20:02 ist



is govt buying bullets from krishi kalyan cess, asks cpi(m)




are people paying krishi kalyan cess so that the government could buy bullets to be shot at farmers, the communist party of india (marxist) today asked, as it attacked the centre over the violent stir by peasants in madhya pradesh.the left party's criticism of the government comes after five protest...



discrepancies in cess collected for workers: panel




states collected rs 32,632.96 crore as cess towards the welfare of construction workers in 20 years, but a parliamentary panel has found wide discrepancies to the amount spent.according to the panel, a dismal 23% (rs 7,516.52 crore) has been spent, which includes rs 375.82 crore towards salaries of ...



ford india plans to hike prices by up to 2% from april




automaker ford india plans to increase prices of vehicles across its model range by up to 2 per cent from april in order to partially offset rise in input costs.the company sells a range of vehicles in the country, from figo hatchback to iconic mustang sedan, which are priced between rs 4.65 lakh to...



no sewerage cess if old apartments instal stps




bengaluru development minister k j george on thursday said the government will waive sewerage cess on old residential apartment complexes in the city if they set up their own sewerage treatment plants. replying to jd(s) member r chowda reddy in the legislative council, he said stps are mandatory for...



thieves steal 11 cars in one go from stockholm dealership




in a well-planned heist in the early hours of midsummer's day, a gang of thieves stole a total of eleven cars from a car dealership in a stockholm suburb. the police were sent to a car trader in the north-west stockholm suburb of barkarby after a witness saw several cars being driven through the fen...



govt to get pvt hospitals on board for healthcare




india’s new health policy promises common healthcare delivery to every citizen by engaging both government and private clinics, but stops short of making health a ‘fundamental right’ along the same lines as education.the policy, approved by the union cabinet on wednesday, also does not propose...



augmented reality may save you from road rage




the project even has a "like" system that lets drivers say what they think about the cars ahead. it's potentially more effective than honking -- if one driver is routinely cutting people off, all their victims can register their displeasure. the carnote team even suggests that insurance companies co...



the clothes, jewellery rate conundrum




fifty-year-old gunjan kumar, who works in a private firm, is happy that he has been able to save rs 2,000 when he purchased a new air conditioner a few days ago. last week, he received an sms which offered him a heavy discount for consumer durables if purchased before the gst (goods and services tax...



toll on nice roads up by 14% to 25%




the nandi infrastructure corridor enterprises limited (nice) has revised the toll on its roads by 14% to 25% from july 1.defending the hike, it said the revision had come after a gap of four years, though the company was entitled to an increase every year.“we have been absorbing the price rise for...



govt to hike fees paid to schools




the state cabinet on wednesday approved a proposal to increase the amount of tuition fee reimbursed to private school managements under the right to education act.reimbursement for primary classes has been increased to rs 16,000 from rs 11,000 per child per year. for nursery classes, the refund woul...



eicher races past m&m to become third most-valued auto company




eicher motors, the manufacturer of royal enfield motorcycles, has become the third most-valued automobile company in the country after maruti suzuki and tata motors. on monday, eicher's market capitalisation surpassed sports utility vehicle (suv) major mahindra and mahindra (m&m)'s, with the latter ...



jaitley hints at no review of gst rate on hybrid cars




finance minister arun jaitley today hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.the council had fixed 43 per cent tax (28 per cent gst plus 15 per cent cess) on hybrid cars, a rate that industry fel...



eicher motors races past m&m to become third most-valued auto company




eicher motors, the manufacturer of royal enfield motorcycles, has become the third most-valued automobile company in the country after maruti suzuki and tata motors.  on monday, eicher’s market capitalisation surpassed sports utility vehicle (suv) major mahindra and mahindra’s (m&m)’s, with t...



gst rate on hybrid vehicles against green mobility: auto ind




auto industry today termed clubbing of hybrid vehicles along with luxury cars in gst rates as environment unfriendly and regressive step, saying it went against plans to promote green vehicles.under the gst rates announced yesterday, large cars with engine greater than 1,500 cc and suvs with length ...



cigarettes get costlier: gst council decides to increase cess over 28% tax




bs web team  |  new delhi  july 17, 2017 last updated at 20:04 ist



calls for uber to be investigated over 'greyball' tactics to evade authorities




there are calls for popular ride-sharing service uber to be formally investigated, after it admitted deliberately evading authorities in australia and overseas trying to catch out its drivers before the service was legalised.it sounds like the plot line of a cheap airport thriller: to counterac...