Govt notifies hike in GST cess on mid, large cars to 25%

The government has notified hike in GST cess on a range of cars from mid-size to hybrid variant to luxury ones to a maximum of 25 per cent, from earlier 15 per cent. Following assent by President Ram Nath Kovind, the government has notified the Goods and Services Tax (Compensation to States) Amendment Ordinance, 2017. The Ordinance was last week approved by the Union Cabinet, headed by Prime Minis…