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GST Council likely to exempt IGST on cancer drug import, Multi Utility Vehicles to be taxed at a higher rate

by AIP Online Bureau | Jul 7, 2023 | Eco/Invest/Demography, Indian News, Policy

With regard to rates, the fitment committee has recommended to the Council to define Multi Utility Vehicles (MUV) or multipurpose vehicles or crossover utility vehicles (XUVs) at par with the Sports Utility Vehicles (SUVs) for levy of a 22 per cent compensation cess...

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