Centre looks to cut GST rates on cars amid sharp decline in sales

Against the backdrop of the 10th straight month of declining auto sales and the increasingly loud clamour for a GST rate cut for the sector, the government may finally be ready to deliver some good news. Finance Minister Nirmala Sitharaman on Sunday hinted that the government has made a proposal to the GST Council to bring down the tax rate from the highest slab of 28 per cent. According to h…