Top-end luxury cars including sports utility vehicles (SUVs) may cost more with Centre and states seeking to increase cess on these vehicles to accurate so-called “anomaly” that crept in when goods and services tax (GST) rates were decided. Reportedly, the plan is to increase the cess from 15% to 25%.[Read More…]
Tag: Cess
Cess accounts for almost 15% of total tax collection
The increasing trend of Cesses is making a deep hole into your pockets without you taking a notice of it. In fact, Cesses have become a silent tactic to upsurge taxes. Significantly, in the past decade, the collection through Cesses has augmented much faster than conventional tax revenues. And from[Read More…]