GST cheer for rail equipment makers

Manufacturers of rail equipment, including wagons, coaches and rolling stock, will be able to get more input tax credit (ITC) with the GST Council approving their proposal to increase GST to 12 per cent from 5 per cent. The move will increase the competitiveness of the products made in the country. This has been a long pending demand of railway wagon, coach and engine manufacturers, and had been r…