Automobile dealers should take a hit of Rs 1,000 crore due to the transitory provisions of the products and offerings tax (GST). Dealers are entitled to a forty percent credit score on the Central GST they may pay from July 1 on excise-paid cars dispatched via manufacturers until June 30. Raising this issue with the department of revenue this week, the Society of Indian Automobile Manufacturers (Siam) stated dealers commonly carried inventories of 4 to eight weeks relying on the form of the automobile and the gas from a production plant. The association stated this …
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