Indian automakers and retailers may face losses on over 600,000 unsold vehicles. This is due to unclear GST compensation cess rules. The industry wants the govt to abolish the cess. They seek a mechanism for credit losses after the GST revamp. The GST Council will discuss levy changes soon. Some companies are limiting dispatches of larger vehicles.
from Auto-Industry-Economic Times https://ift.tt/xUpgWZR
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