Respite for Auto industry: Union Minister Prakash Javadekar hints at GST rate cut for vehicles
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Union Minister Prakash Javadekar on Friday hinted at the possibility of a GST rate cut for vehicles and hoped that the automotive industry will soon get some "good news". The Heavy Industries Minister also shared that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely "very soon". The GST rates are decided by a Council chaired by the Union Finance Minister