Toyota Motor Corp's profit for the second fiscal quarter totaled USD 5.4 billion, up from 585 billion yen last year.
Merger would be achieved via creation of a parent company in Netherlands in which the shareholders of each current group would own half.
M&M said it would be observing 'no production days' in various plants for 8-14 days during second quarter of 2019-20.
In a Facebook post on GST, Jaitley said as many as 20 states are already showing more than a 14 pc increase in revenues.
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
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