Latest News on Gst Compensation Law
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Apr 25, 2017
Small, mid-sized cars may cost more after GST rollout from 1 JulySmall cars currently attract a 12.5 percent central excise duty. Another 14.5-15 percent VAT is levied by states, taking the total tax incidence to 27-27.5 percent.
Mar 17, 2017
GST Council clears all draft bills, stage set for 1 July rollout; experts hail landmark developmentThe council also approved a maximum of 15 percent cess on top of the peak GST rate of 28 percent on luxury goods and aerated drinks.