Maruti's Shashank Srivastava Decodes What Hike In Cess Means For The Auto Sector

In its meeting on Tuesday, the GST council made the decision to include all Utility Vehicles in the 22 percent cess category, which marks a 2 percent increase and eliminates the previous varying rate of compensation cess. As a result, Sport Utility Vehicles and Multi Utility Vehicles (MUVs) will now be subject to the new tax bracket. Business Today TV's Associate Editor spoke with Maruti's Shashank Srivastava on the impact of the cess, Srivastava said that Maruti will have no impact from this decision, listen in