The cabinet has chose to revise tax for larger cars and SUVs, as it wants to ensure that no undue benefits are given to manufacturers in the GST era. Likewise, the cess will remain unchanged for hybrid cars and 13-seater vehicles, finance minister Arun Jaitley told reporters after the council's 21st meeting.
Computer monitors of size of up to 20 inches will attract 18 per cent GST against 28 per cent, thus bringing monitors from 17 inch to 20 inch size under the same tax bracket.
Tax on mid segment cars had gone down from 48 per cent to 43 per cent and the council made a decision to increase cess by 2 per cent to 45 per cent, he said.
The Goods and Services Tax (GST) Council has reduced rates on 40 products, majority daily use items, rendering them cheaper for the consumer, while the cess on mid and high-segment cars went up by 2-7 percent, which is likely to raise the prices of these cars.
GST Council had also chose to decrease the tax rate on a list of 40 items. The luxury cars term has not been announced clearly by the council. An ordinance was promulgated last week to hike the cess from 15 per cent to up to 25 per cent.
Under the GST regime, cars attract the highest tax slab of 28 per cent and on top of that, a cess is levied. Audi and Mercedes Benz opposed any new separate higher-tax category for luxury companies. "Whatever is the impact of the increased cess will reflect in the revised pricing from the effective date". The Council raised the cess, to fix this anomaly.
North Korea warns of harsh response if new sanctions imposed
The proposal included a ban on oil and textile exports to North Korea and prohibited North Korean citizens from working overseas . Earlier in the day, North Korea warned the US of "greatest pain" if it pushed ahead with a tougher UNSC resolution.
The Council has basically restored pre-GST relative excise duty differentials between the various categories of vehicles.
The automobile industry had pitched a similar hike to the GST Council because it felt that same hike for all segment of vehicles will affect the middle-class people. The luxury auto makers, however, are strongly opposing the measure, saying they are already paying higher duty and should not be categorised into a separate heavier-tax segment. Products like the Duster, Ertiga, Innova, Compass, Creta, Scorpio, XUV, Fortuner, Hexa and even the ones from premium brands now attract a tax rate of 50% (28% base +15% cess + 7% hike).
While these auto segments were the most to benefit in the previous GST rates, as it was much lower than the pre-GST rates.
Look! The Weather Channel's Jim Cantore parted the ocean at Miami Beach to allow senior citizens to walk to Denny's! Miami airport's difficulties add to the transportation chaos Irma has inflicted on Florida residents.
VERY strong winds containing gusts between 55-65mph and heavy rain have been forecast for the Scottish Borders by the Met Office. There is also a small chance of power cuts, and some damage to buildings, such as tiles blowing off roofs, says the Met Office.
Putin , speaking after an global gathering in China, said Russian Federation condemned North Korea's "provocative" actions. Trump is scheduled to have his first conversation with Chinese President Xi Jinping since the nuclear test at 9 a.m.
Before he could even address the crowd, an angry woman walked up to him and ranted out some racist comments about Sharia law. Singh is not Muslim, he's Sikh. "We know you're in bed with the Muslim Brotherhood", she adds.
To top that up, Xiaomi is using a symmetrical super cooling system to keep the temperature under control on the inside. The Xiaomi Mi Notebook Pro starts at CNY 5,600 (710/$860) for the i5 version, the i7 model is CNY 6,400 (815/$980).
The actress also made allegations against Hrithik's fatherRakesh Roshan and actor Aditya Pancholi , among others. For me, this was all very new - the world that I had come into. "I'm a year younger than his daughter (Sana)".
American Airlines said in a statement to ABC News that the last flight out of its Miami hub will be Friday afternoon to Dallas. American, Southwest and other airlines are moving all of their operational aircraft out of the region to wait out the storm .
Trump has repeatedly criticized the five-year-old FTA for creating a $27 billion USA trade deficit with South Korea last year. Meanwhile the South Korean president said that "perhaps the time has come for stronger sanctions " on Pyongyang.
The over is 3-1-1 in Baltimore's last five during game three of a series and 5-0 in Hellickson's last five starts overall. Franchise shortstop Francisco Lindor swatted his 28th home run of the season for an insurance run late in the game.
Chiefs Eric Berry Possibly Done for Season
Support quickly rolled in on social media overnight for Berry as fans anxiously awaited an update on the Fairburn, Ga., native. This marks the third time in Berry's eight-year career he ends the season with an injury or illness.
Twitter is reportedly working on a new tweetstorm feature
The company said a year ago that it would stop counting photos, videos and GIF animations toward the 140-character limit. You wouldn't have to worry about a broken sequence, or people replying to your story before you've finished telling it.
Arsenal boss Wenger: Alexis is no FATTY!
His displays also brought the suggestion from his former youth coach Jose Sulantay that Sanchez looked "fatter" than usual. Arsenal striker Danny Welbeck has said that manager Arsene Wenger has "a good headache" in terms of his options up front.
How to link SIM With Aadhaar Card
The person who comes for recharge of the phone should be given a form to give his details including Aadhaar number. Storage will be considered a criminal offence and punishable with up to three years of imprisonment.