GST panel unlikely to approve tax rate cut for auto sector: Report

A government study, attached to the agenda of a Sept. 20 GST panel meeting, has said the total annual revenue loss could be as much as 500 billion rupees ($6.95 billion), if the panel decided to lower tax rates for the auto sector to 18% from 28%.

from Hindustan Times - topnews https://ift.tt/31vW12D