Government introduces bill on GST compensation cess in Lok Sabha

The government today introduced a bill in the Lok Sabha that would replace an ordinance wherein tax rates on various motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax (GST). Finance Minister Arun Jaitley introduced the GST (Compensation to States) Amendment Bill, 2017. An ordinance to hike the GST cess on a range of cars from mid-size to hybrid variants to luxu…