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India's GST council to decide timing for raising levy on luxury cars, SUVs - Jaitley
August 30, 2017 / 9:02 AM / 3 months ago

India's GST council to decide timing for raising levy on luxury cars, SUVs - Jaitley

NEW DELHI, Aug 30 (Reuters) - A panel of India’s federal and state finance chiefs will decide whether to raise an additional levy on luxury and large vehicles to up to 25 percent from 15 percent, Finance Minister Arun Jaitley said on Wednesday.

India launched a nationwide goods and services tax (GST) last month, replacing a multitude of provincial and national levies in the biggest tax reform in 70 years.

Under the new sales tax, most vehicles are currently taxed at 18 percent with an additional levy of 15 percent on some types of cars. (Reporting by Rajesh Kumar Singh; Editing by Malini Menon)

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