Govt puts plan to cut GST on certain categories of automobiles on hold

The automobile industry's demand for lowering of Goods and Services Tax or GST levied on certain categories of their products is not likely to find favour with the government in the near future.

The automobile industry's demand for lowering of Goods and Services Tax or GST levied on certain categories of their products is not likely to find favour with the government in the near future. Top finance ministry sources said that with the sales of vehicles across the spectrum picking up, the proposal to look into a possible rate cut has been put on hold.