Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017.The approval would allow increasing the maximum rate at which the compensation cess can be levied from 15% to 25% on: motor vehicles for transport of not more than 13 persons, including the driver (falling under sub-headings 870210, 8702 20, 8702 30 or 8702 90); and...
