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Centre may raise auto sector's plea at GST Council
The central government is open to take the industry's proposal on reducing the Goods and Services Tax (GST) on automobiles to the GST Council.
New Delhi: The central government is open to take the industry's proposal on reducing the Goods and Services Tax (GST) on automobiles to the GST Council.
Speaking at the ACMA annual convention here on Friday, Minister of State for Finance and Corporate Affairs Anurag Thakur said the government had received several representations from various stakeholders, including automobile dealers, OEMs and car manufacturers, regarding the reduction in GST rate from 28 per cent to 18 per cent.
The industry has demanded that the GST should be brought down to 18 per cent to reverse the consumption slowdown. 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 can only be taken by the GST Council.