https://www.taxtmi.com/article/detailed?id=7542 Proposed increase of the compensation cess on select luxury cars and SUVs aims to raise resources to meet State revenue shortfalls under the GST compensation mechanism, by increasing cess rates above the initially notified level and thereby raising retail prices. Implementation will require amendment of the Compensation to States statute or issuance of an ordinance, and the proposal gives rise to legal and administrative concerns about rate setting authority, anti profiteering implications, market predictability, and industry compliance burdens. en-us Wed, 09 Aug 2017 09:41:00 +0530 Wed, 09 Aug 2017 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7542 Proposed increase of the compensation cess on select luxury cars and SUVs aims to raise resources to meet State revenue shortfalls under the GST compensation mechanism, by increasing cess rates above the initially notified level and thereby raising retail prices. Implementation will require amendment of the Compensation to States statute or issuance of an ordinance, and the proposal gives rise to legal and administrative concerns about rate setting authority, anti profiteering implications, market predictability, and industry compliance burdens. Articles Goods and Services Tax - GST Wed, 09 Aug 2017 09:41:00 +0530 https://www.taxtmi.com/article/detailed?id=7542