The GST Council has now recommended to raise cess on SUVs and high-end cars from 15% at present to 25%. These monsoon offers are not regular offerings, said Naveen Kumar, general manager, retail banking, Punjab National Bank, adding that the bank started it last year. “For used cars, most banks come out with schemes during the Diwali time. Monsoon mythYou may have come across people telling you not to buy cars in the rainy season. If your car is stuck in a flooded area and the engine stops, do not try to start the engine.

Source: Mint August 09, 2017 11:48 UTC