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FinMin in consultation with states on Auto GST: Gadkari
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SME Times News Bureau | 11 Sep, 2019
Union Minister Nitin Gadkari on
Wednesday said the Centre is in consultation with the state governments
and will take a call on whether or not to reduce GST rate on
automobiles.
However, the final decision to reduce the rate can only be taken by the GST Council.
According
to the Minister of Road Transport & Highways and Micro, Small and
Medium Enterprises, the Union Finance Ministry has been in consultations
with various state governments and could bring in a rate reduction via
the GST Council.
"I am confident that the Finance Ministry with
discussion with the state governments and if it is possible, they are
very positive, they will take a decision (sic.)," the Minister said at
the launch event of BSVI variant of Honda Motorcycle and Scooter India's
Activa.
Lately, the Indian automobile industry, which has been
heavily dented by the consumption slowdown has been demanding a rate
reduction from 28 to 18 per cent.
On automobile scrapping, the
Minister said that the government will support the industry and
non-industry players to set up scrap yards and bring in new technologies
in this arena.
In addition, he told the gathering at the launch
event that the Petroleum Ministry is ready to give its consent for
setting up of Ethanol fuel pumps in the country.
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