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Companies pitch for GST rate cut as Modi govt takes charge second time

Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand

consumer products
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ACs, large TVs and all automobiles are in the 28% tax bracket

Viveat PintoRaghavendra KamathShally Mohile Mumbai
Companies across sectors such as durables, automobiles and real estate have been lobbying hard for a goods and services tax (GST) cut as the Narendra Modi-led National Democratic Alliance prepares for a second term in office. Modi and his council of ministers were sworn in on Thursday in the presence of over 8,000 people at the Rashtrapati Bhawan. 

Durable firms said the issue of rationalising the tax rate of products such as air conditioners and larger television sets, which sit in the 28 per cent tax bracket, has been on the government’s table for long. “Since July last year, when most

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First Published: May 30 2019 | 11:24 PM IST

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