Govt will respond to automobile industry's demand, says FM Sitharaman

Car companies' demand for a tax cut will be decided at the GST Council's meeting in Goa on September 20, says the finance minister.

Finance Minister Nirmala Sitharaman on Tuesday said the government would respond to the demands of the automobile industry, which is facing the worst slump in two decades. Sitharaman’s assurance to the auto industry came ahead of the GST Council meeting, slated for September 20. 

The FM, while speaking to the media here on 100 days of the Modi government 2.0, said, “We are conscious that we need to respond.” When asked about a possible rate cut on cars, Sitharaman said that call would be taken by the GST Council at its meeting in Goa next week. She, however, added that