President gives assent to amend Goods & Services Tax (Compensation to States) Act, 2017. The Goods and Services Tax (Compensation to States) Amendment Act, 2017 shall be deemed to have come into force from September 2, 2017: Vide said amendment, Compensation Cess on motor vehicles for transportation of 10 or more persons as well as SUVs, mid-size, large and luxury cars has been hiked to 25% ad valorem (from 15% ad valorem).
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