Tag: GST on diesel

NEW DELHI: Road transport minister Nitin Gadkari literally created a flutter in the car industry on Tuesday by saying that he would recommend an additional 10% GST on diesels, before withdrawing his own statement after it had created a furore that saw share prices of companies such as Mahindra & Mahindra and Tata Motors crash almost immediately.As soon as Gadkari made the statement, Mahindra's stock declined by around 4% on BSE. It recovered after his clarification and closed the day down 2% at Rs 1,553. Tata Motors' stock...