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Auto industry bodies meet CBIC to flag cess concerns
September 13, 2025
|Business Standard
Automobile industry stakeholders, including the Society of Indian Automobile Manufacturers (Siam), on Friday had a meeting with the Central Board of Indirect Taxes and Customs (CBIC) chief Sanjay Kumar Agarwal, seeking relief regarding concerns over the removal of compensation cess on cars, which may lead to a hit in excess of ₹2,000 crore for the automobile dealers.
According to the sources, the industry is unlikely to get any refund of cess or adjustments, as the government is expected to notify it within a few days. The GST Council, in its meeting last week, had decided to make GST a two-tier structure of 5 and 18 per cent as against the current four-slab regime, in addition to a compensation cess.
هذه القصة من طبعة September 13, 2025 من Business Standard.
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