https://www.taxtmi.com/news?id=18601 The Council recommended that the Central Government move legislative amendments to raise the maximum ceiling of Goods and Services Tax Compensation Cess on motor vehicles under headings 8702 and 8703, including SUVs, to twenty-five percent, while postponing any decision on the timing or level of the actual levy; it noted that total tax incidence on motor vehicles has decreased since GST and that the Schedule to the GST (Compensation to State) Act currently specifies a fifteen percent maximum for such cess. en-us Tue, 08 Aug 2017 11:34:04 +0530 Tue, 08 Aug 2017 11:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18601 The Council recommended that the Central Government move legislative amendments to raise the maximum ceiling of Goods and Services Tax Compensation Cess on motor vehicles under headings 8702 and 8703, including SUVs, to twenty-five percent, while postponing any decision on the timing or level of the actual levy; it noted that total tax incidence on motor vehicles has decreased since GST and that the Schedule to the GST (Compensation to State) Act currently specifies a fifteen percent maximum for such cess. News - Tue, 08 Aug 2017 11:34:04 +0530 https://www.taxtmi.com/news?id=18601