Top 10 biz headlines: No GST relief for auto cos, opposition to RCEP & more

From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday

1) Auto industry may have to wait longer for GST cut on cars from 28% to 18%

The auto industry may be desperate for a cut in the goods and services tax (GST) on cars from 28 to 18 per cent, but the bleak revenue position has prompted the GST fitment committee to hold back from approving such a reduction. “With the revenue situation quite grim, one cannot recommend a rate cut on autos at this stage, which is one of the highest revenue contributors.

In fact, the panel has not made any recommendation but only placed on record the