Finance minister Nirmala Sitharaman today said the government will respond to demands of the automobile sector, facing its worst sales performance in over two decades.“We are conscious that we need to respond," Nirmala Sitaraman said, adding that the finance ministry has already considered some suggestions of automakers. Nirmala Sitharaman was addressing the media on the National Democratic Alliance (NDA) government’s 100 days at office in its second consecutive term while presenting a report card.
On carmakers’ demand for a cut in Goods and Services Tax rates on automobiles, that attract the highest tax rate of 28%, the minister said the GST Council will take a call on the matter at its upcoming meeting in Goa on 20 September.
