States opposing cut in tax rate on auto ahead of GST council meet

Ahead of the festive season when Indians traditionally bring home their new set of wheels, the prospects of automakers getting a tax relief in the next GST council meet on September 20 has run into a twin road block. While the government is keen to go for a reduction in GST rate cut from 28 per cent to 18 per cent for the auto sector, the move's negative fallout in the form of huge loss in revenue…