Automobile dealers are urgently seeking Prime Minister Modi's intervention to prevent the lapse of ₹2,500 crore in compensation cess credits with the upcoming GST regime changes. Fada warns of severe financial strain on dealerships, impacting working capital, banks, and jobs if a transitional mechanism isn't established to utilize these credits against other GST components.
from Auto-Industry-Economic Times https://ift.tt/jADMbPk
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