Goods and Services Tax (GST) in automobile sector, Know more
By: Team Ifairer | Posted: 27-04-2017
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However, GST on petroleum crude, high speed diesel, petrol and natural gas will be levied from a later date after the council headed by finance minister Arun Jaitley and Finance Minister of each state submit its recommendations. The GST report issued by Central Board of Excise and customs also mentions that there will be separate tax rate for precious metals and cess over the peak of 28% on specified luxury goods which might also include all the high-end luxury and performance vehicles imported into the country.