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Government plans cyber security cess on e-payment cos

Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run. Taking steps to......

30 daily-use items to get cheaper; cess on luxury cars hiked

The GST council has decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones. Mid-sized and luxury cars as also SUVs will cost more after......

SUVs, luxury cars to cost more as GST cess hiked to 25%

The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST. Sports Utility Vehicles, mid-sized, large and luxury cars that had......

Cigarettes won't be cheaper under GST

The peak GST rate of 28 per cent as also the 5 per cent ad valorem cess will continue The GST Council on Monday raised the cess on cigarettes to take away an estimated Rs 5,000 crore (Rs 50......

GST rates will have no inflationary impact: Jaitley

GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the......
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Sushil Modi

All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar... ...

http://news.rediff.com/commentary/2017/dec/15/council-may-bring-petrol-under-gst-in-future-sushil-modi/ff6197ec6e566bdec8f0725e414f2739
Balancing growth and fiscal prudence

Anjana Das City: New Delhi Budget 2018-19 can be seen in three different perspectives: it is the final full budget of the present government, the... ...

http://www.mydigitalfc.com/deep-dive/ahead-balancing-growth-and-fiscal-prudence
From Mercedes to BMW, luxury cars forced into slow lane as cess increases

Luxury car makers were on a roll during the first two months after the Goods and Services Tax (GST) was implemented in July, thanks to a reduction... ...

http://www.business-standard.com/article/companies/from-mercedes-to-bmw-luxury-car-demand-slows-after-a-stellar-quarter-117121200902_1.html
Merc

Disappointed over the frequent tinkering with taxes and regulations, luxury car-maker Mercedes-Benz India says it can "easily double the volume and... ...

http://www.business-standard.com/article/pti-stories/end-tax-policy-flippancy-we-ll-double-volume-in-2-yrs-merc-117121000316_1.html
Whopping discounts on luxury cars as year draws to a close

With the year coming to an end, car dealers are offering huge discounts to clear their inventory. The discounts begin at Rs 15,000, and go up to Rs... ...

http://www.deccanherald.com/content/647332/whopping-discounts-luxury-cars-year.html

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