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GST Council may lower levies on auto, biscuits

The GST Council could lower levies for sectors such as automobiles, biscuits and other fast-moving consumer goods (FMCG) at its September 20 meeting. The automobile sector wants GST rates on passenger vehicles to be cut to 18% from 28% now. The auto sector, in addition to GST, also faces a compensation cess that ranges from 1% to 22%. The Council could also discuss raising the lowest slab of 5% to as much as 8%.

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