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Total 94 results found. Search for [ cess on luxury cars ]

Results 1 to 21 of 94
Dipak Mondal
New Delhi, December 24, 2019
Many states are facing severe revenue constraints as GST collections remain subdued and Centre delays transfer of their share of taxes


BusinessToday.In
New Delhi, December 16, 2019
States haven't received compensation for loss of revenue from implementation of GST since August. In the current fiscal, the government has already collected cess of Rs 55,467 crore till October 31, 2019


Sumant Banerji
December 13, 2019
Large hybrid cars do not get any incentive from the government right now but Maruti along with its partner Toyota has been lobbying behind the scenes in favour of hybrids as a suitable intermediate technology before the country is ready for EVs


Sumant Banerji
September 5, 2019
Prior to GST, hybrid vehicles were taxed at 30.3 per cent (12.5 per cent excise duty, 12.5 per cent value-added tax, 2 per cent central sales tax and 1 per cent national calamity contingent duty). Under GST, it attracts 28 per cent tax and 15 per cent cess - like big petrol and diesel luxury cars


BusinessToday.In
July 24, 2019
The reason behind making these price adjustments is to offset the effects of increasing input costs Mercedes-Benz is reeling under.


Sumant Banerji
July 6, 2019
Budget 2019: The Union Budget 2019 has made a clear demarcation between the traditional automobile industry- the one that uses internal combustion engine and uses fossil fuel, and the nascent electrical vehicle fraternity.


BusinessToday.In
July 1, 2019
The former Finance Minister Arun Jaitley dismissed a single GST slab adding that such an arrangement is possible only in \"extremely affluent\" countries where there are no poor people.


BusinessToday.In
June 21, 2019
GST Council Meet Live Updates: The all-powerful GST Council decided to extend the tenure of National Anti-profiteering Authority (NAA) for a period of two years, whereas rate cuts for electric vehicles has been sent to fitment committee.


BusinessToday.In
New Delhi, June 10, 2019
Worried that the ongoing GDP growth deceleration may pick up pace, some states are favouring a reduction in tax rates in the upcoming GST Council meeting. The highest tax bracket of 28% currently comprises 28 goods.


PTI
May 29, 2019



PTI
New Delhi, May 26, 2019
A hybrid car has more than one source of power. Usually, it combines a conventional combustion engine with an electric motor to run the vehicle


PTI
May 26, 2019



PTI
January 18, 2019



PTI
September 30, 2018
While some reduction in taxes could help grow the overall luxury car market in India, a consistent policy is needed to help companies make long-term plans and chart out their strategies, said Automobili Lamborghini CEO Asia Pacific Matteo Ortenzi.


BusinessToday.In
New Delhi, July 2, 2018
Indian economy set for a surge, to touch USD 5 trn by 2025: Prez  President Ram Nath Kovind today said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025.He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI. \"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion,\" Kovind ...


Mail Today Bureau
July 2, 2018
Under the four-tier Goods and Services Tax, taxes are levied in the brackets of 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest tax bracket, a cess is levied on luxury goods such as big cars and sin goods such as sugary drinks and cigarettes.


PTI
April 20, 2018



PTI
April 15, 2018



BusinessToday.In
New Delhi, March 16, 2018
With this price hike, prices of Audi cars will rise in a range of Rs 1 lakh to Rs 9 lakh. The increase in prices is meant to pass on the effect of custom duty hike in Budget 2018-19.


PTI
March 16, 2018



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