Kerala finance minister says no to GST rate cut on cars, bikes

Kerala would oppose any proposal by the Centre to cut GST rate on cars and bikes in the next meeting of GST Council scheduled later in September. Speaking to IANS,  Kerala Finance Minister Thomas Issac said that lowering of tax on automobile would not help and instead result in revenue loss for the states. He said that the Centre needs to go for fiscal expansion like the one in 2009 to revive…