Sports utility vehicles (SUVs) and luxury cars, which became cheaper after the July 1 rollout of the goods and services tax (GST), is likely to cost more with the GST Council, federal indirect tax body, considering a plan to raise cess on them from 15% to up to 25%. The proposal will be taken up at the Council’s meeting in Hyderabad scheduled for September 9, a person privy to the development said, on the condition of anonymity. “This proposal could not be taken up at Saturday’s meeting as other issues occupied a lot of time. This and other pending proposals will be taken up at the next meeting,” said the person. Click here for the full story(Published in arrangement with Livemint)

Source: Hindustan Times August 07, 2017 06:56 UTC