Cess on mid-segment, large-cars & SUVs hiked; Lower rate for construction services to Govt.

Compensation Cess on mid-segment cars (engine < 1500 cc) has been increased to 17%, on large cars (engine > 1500 cc) - 20%, and on SUVs (length > 4m, engine > 1500 cc, ground clearance > 170 mm) - 22%; Council makes no change in respect of small cars (length < 4m, petrol < 1200 cc, diesel < 1500 cc), motor vehicles for transport of not more than 13 persons including driver, and hybrid cars; In addition thereto, GST Council reduces rate from 18% to 12% ...