 "cars")
Auto sector's rate-cut hopes fade as GST cess collection declines
Cess collection under the goods and services tax (GST) — to compensate the states for their revenue loss in the two-year-old indirect tax regime — has fallen short of requirements in the first five months of the fiscal year, dimming rate-cut hopes for the auto sector in the upcoming GST Council meeting on Friday. Some states have asked for rate cuts for five-star hotels. Industry, too, has requested cuts for biscuits and cement. Read More
Hyundai's share in passenger cars at 5-yr high as Maruti loses
Cess collection under the goods and services tax (GST) — to compensate the states for their revenue loss in the two-year-old indirect tax regime — has fallen short of requirements in the first five months of the fiscal year, dimming rate-cut hopes for the auto sector in the upcoming GST Council meeting on Friday. Some states have asked for rate cuts for five-star hotels. Industry, too, has requested cuts for biscuits and cement. Read More
Hyundai's share in passenger cars at 5-yr high as Maruti loses
