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Cabinet Clears Ordinance To Allow Hike In GST Cess On Cars

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The Union Cabinet on Wednesday gave nod for an ordinance to allow raising of maximum compensation cess that can be levied on mid- and large-sized vehicles under GST to 25%, from 15%, Finance Minister Arun Jaitley said. The ordinance is only an enabling law, he said, adding, that this does not mean that the cess will automatically increase to 25%.

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