Скачать или смотреть Reason for Slowdown of Auto Sales in India | CA K HANMANDLOO | Money Mantan TV

Reasons for Slowdown of Auto Sales in India | CA K HANMANDLOO | Money Mantan TV
#AutoSales #SlowDownAutoSales #BusinessNews #OwnVehicles #NirmalaSitharaman #BusinessNewsToday #LiveBusinessNews

Finance minister Nirmala Sitharaman on Tuesday said the government will soon respond to the demands of the automobile sector, which is facing the worst slump in more than two decades.

“We are working on a few things. We are conscious that we need to respond," Sitharaman said, adding that the GST Council will decide on cutting goods and services tax on automobiles, which attract a 28% rate now, at its 20 September meeting in Goa.

Carmakers have sought an immediate cut in GST on vehicles to revive sales during the crucial festive season, after auto sales declined for the 10th straight month. They are hoping that a cut in tax would help attract buyers.
Sitharaman was addressing reporters in Chennai to mark the NDA government’s first 100 days in office in its second consecutive term.
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