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GST tax rate cuts for auto sector unlikely: Government
short by Anushka Dixit / on 18 Sep 2019,Wednesday
The GST panel is unlikely to lower tax rates for the auto sector due to large revenue losses, government officials said. A government study said that the total annual revenue loss could be as much as $6.95 billion if the panel decided to decrease tax rates. The auto sector, however, has pushed to lower tax rates to 18% from 28%.
short by Anushka Dixit / 10:01 pm on 18 Sep
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