GST relief on cars, but dealers stare at Rs 2,500 cr hit

GST reforms have lowered car, SUV and two-wheeler prices, but PV dealers face ₹2,500 cr losses as the compensation cess lapses on Sept 22, TOI reported. Deloitte and FADA warned of stranded costs, with SUVs and large cars worst hit. Dealers seek clarity, even as M&M cut billing to ease the burden.

from Auto-Industry-Economic Times https://ift.tt/E8kPHZy