New Delhi, Sept. 6 -- The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August for passenger vehicles in 18 years. Dispatches to dealerships during the month plunged 34% from a year ago, sales data showed, in the sharpest decline since September 2001. The government will take a proposal to reduce the goods and services tax (GST) rate on automobiles to the GST Council, finance minister Nirmala Sitharaman told reporters in Chennai, while briefing them on efforts to arrest the economic downturn. Automobiles currently attract the highest tax rate of 28%, apart from a cess. Six top automakers together dispatched 171,193 vehicles to dealerships in August, 3...