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Luxury cars set to be more expensive, Cabinet approves ordinance of 10% cess on cars
Under GST, a cess was levied on demerit goods like cars, tobacco, and coal, to create a corpus for compensating states for any loss of revenue from their taxes like VAT being unified with central levies like excise duty and service tax in the GST.
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Sagarneel SinhaSagarneel Sinha
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