The council, composed of state finance ministers and chaired by the Union Finance Minister, decided that all the criteria, including engine capacity, length, and ground clearance, had to be met for a vehicle to be classified as an SUV.
If cars do not meet any of these criteria, a lower cess rate will be applicable, said Vivek Johri, Chairman of the Central Board of Indirect Taxes and Customs.An internal committee will also consider whether mobility assistance vehicles will also have to meet these criteria to come under the higher CES threshold, Johri said.
Source: ET autoThe body did not discuss a report prepared by a ministers’ panel on how online gaming companies and casinos should be taxed, an issue that affects billion-dollar companies such as Tiger Global-backed Dream11 and Sequoia Capital-backed Mobile Premier League.What do feel about this increase in tax ?Tell us in the comment section.
