Nitin Gadkari asks FM Sitharaman to cut GST on passenger vehicles

Union minister Nitin Gadkari has urged Finance Minister Nirmala Sitharamana to cut GST on passenger vehicles in view of the new scrappage policy. Here is all you need to know:

Union minister Nitin Gadkari has asked Finance Minister Nirmala Sitharaman to reduce the Goods and Service Tax (GST) on passenger vehicles. His appeal comes in view of the new vehicle scrappage policy that has been announced by his ministry, reported Business Today. Gadkari, who is the Minister for Road Transport and Highways, said that the scrappage policy will increase revenues for both central and state governments. He believes that additional relief should be transferred to potential car buyers who opt for the new vehicle scrappage policy. While announcing details of the policy on Thursday, Gadkari said, “I have asked the finance minister to consider a GST concession to the potential buyers opting for vehicle scrappage policy.”