Fitment panel rules out GST cut for auto, consumer durables or biscuits

A panel tasked with recommending producer levies has ruled out changes in taxes on cars, consumer durables or cookies, dashing hopes of a reduction in Goods and Services Tax ( GST ) for automobiles and other  consumption oriented industries.  The Fitment Committee’s recommendations, which will be discussed by the 37th GST Council in its meeting on 20th September, blamed the current liqui…