Srinagar: Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.
All classes of cars and SUVs as well as motorcycles of more than 350 cc engine capacity will also attract an additional cess.
This is the same as that for private aircraft and luxury yachts.
Mid-sized cars, SUVs and luxury cars will all attract 15 per cent cess, same as that for buses and vans that can carry more than 10 persons.
Hybrid cars of more than 1500 cc engine would also attract 15 percent cess.
The Centre and states have agreed to impose cess on demerit and luxury goods under the GST regime, over and above the peak tax rate of 28 percent.
On tobacco, the cess will vary from 71-204 percent.
Also, scented zarda and filter khaini will attract 160 percent cess, while for pan masala gutkha it would be 204 percent.
Non-filter cigarettes exceeding 65 mm but not exceeding 70 mm will attract cess of 5 percent plus Rs 2,876, while that for filter cigarettes the levy is 5 percent plus Rs 2,126 per thousand sticks.
For cigars, a hefty levy of 21 percent or Rs 4,170 per 1,000 sticks, whichever is higher, would be levied.
Branded gutkha will be slapped with a cess of 72 percent, while smoking mixtures for pipes and cigarettes will attract a levy 290 percent.
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