Automobile dealers plan to meet Union ministers to seek clarity on the proposed GST cut as buyers delay purchases. Small cars and two-wheelers may see GST reduced to 18%, while bigger cars face 40% flat tax. Dealers fear weak festive sales despite strong enquiries amid tax uncertainty. Dealers have urged vehicle makers to avoid adding to the stock levels in the wake of the announcement of the GST cut. Dealers of passenger vehicles are sitting on enough stocks which would last them for 55 days or around 600,000 units. (ICE NEW DELHI)

Fonte notizia: The Financial Times