ENA Sectors 2019-09-02 06:37:57 <p><strong>Chennai, Sep 2 (KNN)</strong> In a bid to provide relief to automobile industry, Central government would take a proposal for lowering the goods and services tax (GST) rate on automobiles to the GST Council, said Nirmala Sitharaman, Union Finance Minister.</p> <p>While briefing the reporters in Chennai about the governments efforts to arrest the economic downturn, Sitharaman said a decision on reducing tax rates on automobiles was not entirely in her hands as matters of indirect taxation were now entrusted to a federal body.</p> <p>She said that the government is addressing the issues of the automotive segment on the backdrop of the recent slowdown in sales.</p> <p> One of the suggestion was the reduction of GST rate for the automobile sector, that of course will have to go to the (GST) council, she said.</p> <p>The council is likely to meet in Goa on September 20.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 23569 https://knnindia.co.in/news/newsdetails/sectors/govt-to-take-proposal-of-gst-cut-on-automobiles-to-gst-council-says-sitharaman 2019-09-02 06:37:57 knnindia.co.in