Government Open To Take Auto Industry Proposal To GST Council: Minister

INSUBCONTINENT EXCLUSIVE:
Goods and Services Tax (GST) rates on automobiles to the GST Council, said the Minister of State for Finance - Corporate Affairs Anurag
Thakur on Friday.Currently, the GST rates on automobiles are pegged at 28 per cent
However, the industry has demanded that to reverse the consumption slowdown the GST rates should be brought down to 18 per cent.Mr Thakur
was speaking at the ACMA annual convention.Besides, the Minister asked the auto industry players to reach out to the State Finance Ministers
as well, as the decision on any change in GST rates can only be taken by the GST Council.At present, the entire sector suffers from a sales
downturn due to several factors like high GST rates, farm distress, stagnant wages and liquidity constraints.Besides, inventory pile-up and
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