Suv Price Increase
Bad News for Car Buyers as SUVs, MPVs to Cost More Following GST Cess Increase
The cost of buying an SUV or MPV (multi-purpose vehicle) for your garage is going up. The GST Council decided to raise the cess from 20 per cent to 22 per cent, which would likely lead to a 2 per cent increase in the price of UVs, especially those longer than four metres.
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