Cabinet clears Ordinance to allow hike in GST cess on cars

The Cabinet today cleared promulgation of an Ordinance to increase the cess on mid-size, large cars and SUVs from current 15 per cent under the new GST regime. The proposal before the Cabinet was to hike the cess rate on these cars to 25 per cent. "The proposal of imposition of higher cess has been cleared," a source said after the Cabinet meeting. The GST Council had on August 5 approved raising…