Carmakers may not get tax relief in GST council meet on September 20.

Position:Minister of State for Finance Anurag Thakur on goods and services tax

With the slowdown in the domestic automotive industry showing no signs of ebbing, the government on Friday again hinted at a possible GST rate cut from 28 to 18 percent but also added a rider that it may not happen in the next GST council meeting scheduled on September 20 in Goa.

Minister of State for Finance, Anurag Thakur while addressing the ACMA annual conclave said the government has received request from various segments of the industry for a GST rate cut and while it is evaluating the possibility of that, he asked the industry to also reach out to various state finance ministers of the country that are part of the GST council.

"Any rate cut on GST has to be first approved by the GST fitment committee and then it is sent to the council at the next meeting," Thakur said. "We are...

To continue reading