https://www.taxtmi.com/news?id=18046 The measure establishes a peak GST rate of 28 per cent on vehicles, aircraft and yachts, augmented by differentiated cesses on luxury and demerit goods. Motorcycles above 350 cc, private aircraft and luxury yachts attract the peak rate plus a 3 per cent cess. Passenger cars are subject to tiered cesses reflecting size, engine and luxury status, while aerated drinks attract a 12 per cent cess. Tobacco products are subject to a separate high-cess framework with ad valorem and specific levies, and a clean energy cess is imposed on coal, lignite and peat production at a specified per-tonne rate. en-us Fri, 19 May 2017 18:45:10 +0530 Fri, 19 May 2017 18:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18046 The measure establishes a peak GST rate of 28 per cent on vehicles, aircraft and yachts, augmented by differentiated cesses on luxury and demerit goods. Motorcycles above 350 cc, private aircraft and luxury yachts attract the peak rate plus a 3 per cent cess. Passenger cars are subject to tiered cesses reflecting size, engine and luxury status, while aerated drinks attract a 12 per cent cess. Tobacco products are subject to a separate high-cess framework with ad valorem and specific levies, and a clean energy cess is imposed on coal, lignite and peat production at a specified per-tonne rate. News - Fri, 19 May 2017 18:45:10 +0530 https://www.taxtmi.com/news?id=18046