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Aug 08, 2017
GST cess on cars hiked to 25%: Auto cos lash out, say move against free-market spirit, will hit expansionToyota Kirloskar Motor, Mercedes-Benz, Audi and BMW were unanimous that increase in cess on large, luxury cars and SUVs that had become cheaper after GST rollout would dampen the spirits of the industry across the entire value chain.