Rail-equipment makers derailed

While the govt has handed them a favourable GST rate, the Railways has neutralised it by demanding a price cut The joy of rail-equipment manufacturers has been short-lived. After the 12 per cent GST rate hike announced by the government at its 37th GST Council meeting took effect from September 30, the equipment makers were served a series of circulars by the Railways. The net effect of these circ…