Amendment bill introduced in Lok Sabha on GST cess

Image
IANS New Delhi
Last Updated : Dec 22 2017 | 10:15 PM IST

An amendment bill was introduced in the Lok Sabha on Friday that seeks to replace an ordinance in which tax rates on motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax (GST) regime.

Union Finance Minister Arun Jaitley introduced the GST (Compensation to States) Amendment Bill, 2017.

The bill seeks to amend the GST (Compensation to States) Act, 2017.

The government had issued an ordinance in September to increase the cess on motor vehicles, including large cars and sport utility vehicles from 15 per cent to 25 per cent.

The Cabinet last week cleared the bill to replace the ordinance.

--IANS

ps-bns/tsb/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 22 2017 | 10:10 PM IST

Next Story