Luxury cars to get dearer as GST cess may soon be hiked to 25%

An ordinance allowing increase in cess on luxury cars is likely to be promulgated by the government within weeks, according to a Mint report . The GST (Goods and Services Tax) Council had recommended an increase in the cap on cess of SUVs, large, mid-sized and luxury cars to 25 percent from 15 percent now. The ordinance will make India's favourite sedans, such as Honda City, Maruti Ciaz, and nearl…