GST Council approves hike in luxury car cess

Thinking of buying an SUV or a luxury sedan? You might want to hurry up and decide quickly as the Goods and Services Tax Council is said to have decided to raise the cess on luxury automobiles to 25% from 15% now. To be sure, the rates may not go up immediately as any increase in the cess will require an amendment to the GST compensation law. “The council approved an amendment to the GST law to en…