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K Keshava Rao presenting reports to Vice President M Venkaiah Naidu (Photo/ANI)
Keshava Rao presents standing committee reports to Naidu in Hyderabad, first time reports given outside Delhi ANI | Updated: Dec 15, 2020 20:17 IST
Rao said this is the first time a committee report has been presented to the Chairman, Rajya Sabha, outside Delhi. I am happy it is happening in Hyderabad, my own constituency, which could not have been possible without your grace. I take this opportunity to thank you from the bottom of my heart for making it happen by taking time out of your busy schedule, Rao said.
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‘Slashing GST rates on autos will aid the sector’s recovery’
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Key to growth: Cutting GST on used cars sales will make the segment more organised, the panel said.
| Photo Credit: Getty Images/iStock
‘Slashing GST rates on autos will aid the sector’s recovery’ The Parliamentary Standing Committee on Industry has asked the government to announce a stimulus package focused on generating demand, stressing that its responses so far have focused only on the supply side.
The panel has also asked for GST rates levied on automobiles to be rationalised from the present 28% tax rate with an additional compensation cess ranging from 1-22%, to 18%, to spur demand for new vehicles and help the sector overcome the present slump.