A big shock to those planning to buy a car in the GST Council Meet!

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GST Council Meeting The government has taken many big decisions. Let it be known that the government has announced to impose 22 percent compensatory cess on MUV cars, giving a big shock to the customers who buy new cars. With this decision of the government, it has become expensive to buy multi-purpose vehicles.

The GST Council meeting has fixed certain criteria such as 22 percent cess will be levied on powerful vehicles with engine above 1500 cc, cars with length above 4 meters and ground clearance above 170mm.

Overall, tall vehicles like the Maruti Suzuki Ertiga, Toyota’s Innova and Renault’s Tribar are stuck in this game of ground clearance, length and cc, which means if you were planning to buy any of these cars, So now you have to pay more than before to buy it.

Which cars are more expensive?

Let us tell you that the multi utility vehicle segment is also becoming famous in the country like SUVs. In fact cars like Maruti Suzuki Ertiga, Toyota Innova, Kia Kerens come in this segment. Almost all these cars also come under the standards defined by the government. So it is possible that their prices may increase soon.

Most cars sold in the country attract 28% GST, in addition to an additional cess ranging from 1% to 22% depending on the vehicle type. SUV vehicles attract the highest GST rate of 28% with a compensatory cess of 22%.

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