GST rate cuts News

Javadekar said he will definitely discuss the automotive industry's demand for Goods and Services Tax reduction with Prime Minister Narendra Modi and FM Nirmala Sitharaman "We may not agree immediately for reduction in GST but that is not a final no. There can definitely be a way forward which I also see, progress will be done," he said Two-wheelers are neither a luxury nor sin goods and so merit a GST rate revision, FM Sitharaman had said at an industry interaction last month

The additional sticker has to be pasted along with the earlier labelling/sticker of MRP, if any. The provision of declaring the new reduced prices will be allowed till December this year, he added.