India raises GST tax rates for larger cars; pushes back filing deadlines 
Sat Sep 09 2017
Rajesh Sharma (2003 articles)

India raises GST tax rates for larger cars; pushes back filing deadlines 

MUMBAI (Reuters) – Finance Minister Arun Jaitley said on Saturday the government would increase taxes for mid-sized, large, and sports utility vehicles under the recently unveiled Goods and Services Tax (GST), and also extended the deadline to file GST returns.

Jaitley said the so-called CESS rates for mid-sized cars would be raised by 2 percentage points. The rate would rise by 5 percentage points for large cars, and 7 percentage points for sport utility vehicles, Jaitley told a media briefing. The decision was taken by the GST council of ministers chaired by Jaitley earlier in the day.

At the same time filing categories under certain structures within GST were pushed back until October or November, Jaitley said.

Most of these returns had initially been due between July and September.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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