Multi-utility vehicles to attract 22% compensation cess like SUVs, conditions apply

The 50th Goods and Services Tax (GST) Council on Tuesday, July 11, clarified that all multi-utility vehicles (MUVs), whether it's sports utility vehicles (SUVs) or crossover utility vehicles (XUVs), will have to pay a tax of 22 percent compensation cess over and above the 28 percent GST rate. Union finance minister Nirmala Sitharaman said presently the definition of an SUV for levy of cess include…