GST Council may mull on proposal to cut tax on two-wheelers

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the Goods and Services Tax (GST) Council will take up the industry’s proposal to reduce tax on two-wheelers as it is neither a luxury nor demerit good. Two-wheelers currently attract 28% GST. “…she (finance minister) assured that this was indeed a good suggestion (from the industry) as this category is neither a luxury nor a sin good a…