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GST Compensation Cess on Cars

GST Compensation Cess on Cars

What is Compensation Cess in GST Act?

Compensation cess is a type of charge levied on certain goods in addition to the applicable GST and it was introduced as part of the GST Act. Compensation cess is currently applicable to some key goods such as:

  • Motor vehicles
  • Aerated water
  • Various types of solid fuel such as coal, briquettes, ovoids and other coal derivatives
  • Tobacco and tobacco products including cigarettes (GST not yet applicable, VAT applicable)

 

GST Compensation Cess on Cars:-

Below Table summarises GST+Compensation Cess on cars in India.

 

Type of Vehicle GST Rate   Compensation Cess Total Total Tax Payable
Petrol/CNG/LPG car less than 1200cc and length less than 4 meters 28% 1% 29%
Petrol/CNG/LPG car less than 1200cc and length more than 4 meters 28% 15% 43%
Petrol/CNG/LPG car over 1200cc (irrespective of length) 28% 22% 50%
Diesel car less than 1500cc and length less than 4 meters 28% 3% 31%
Diesel car less than 1500cc and length more than 4 meters 28% 20% 48%
Diesel car over 1500cc engine capacity, greater than 4 meters length and ground clearance of 170mm or more 28% 22% 50%
Electric Cars (all sizes including 2 and 3 wheelers) 12% Nil 12%
Vehicles fitted for use as an ambulance 28% Nil 28%
Three wheeler motorized vehicles 28% Nil 28%
Fuel Cell Vehicles including hydrogen fuel cell vehicles 12% Nil 12%
Motorcycles/mopeds with engine capacity of up to 350cc 28% Nil 28%
Motorcycles with engine capacity greater than 350cc 28% 3% 31%

 

 

The vehicle specifications are as per the Motor Vehicle Act, 1988. The rates are liable to periodic change and list is not exhaustive.

 

Note that diesel vehicles with large engine capacities have the highest compensation cess and by extension the highest tax rates applicable to them. Simultaneously, cars with smaller engines and those driven by cleaner technologies such as electric/fuel cell feature a lower rate of compensation cess.

 

Also read:-

 

About EbizFiling.com:

 

EbizFiling.com is a motivated and progressive firm managed by like-minded people. It helps a variety of small, medium and large businesses to cater to all compliance requirements of Indian Laws.

 

Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.

Tags: GSTGST rates
Ishita Ramani

Ishita Ramani is a young woman entrepreneur and currently the Operations Director at Ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory Compliances, she has been instrumental in setting up operations at Ebizfiling.com! Read about her journey at- https://www.greatcompanies.in/post/ishita-ramani-operation-director-at-ebizfiling-india-pvt-ltd

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