States wary of any move to reduce GST rates

New Delhi: The Goods and Services Tax (GST) Council meeting on Friday is likely to be a stormy affair, with some states opposing the Centre’s proposal to cut tax on automobiles, citing revenue shortfalls and previous instances of businesses failing to pass on tax cuts to consumers. The opposition from states, which are members of the federal indirect tax body, may make it tougher for the Unio…