What are the new GST rules that will make your UVs costlier?
The GST Council of India in its 50th meeting has levied an additional cess of 2% on the UV (Utility Vehicle) segment that includes SUVs, MUVs, and MPVs. This means that there will be 22% of cess instead of the existing 20%. This levy is in addition to the present 28% GST on these vehicles.
Tags : GST impact on SUVs MUVs gst GST on passenger vehicles GST Rules impact on cars GST makes UV costlier Auto industry Passenger Vehicles
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