Automobile dealers body seeks rollback of new GST changes

MUMBAI: Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the changes will have a major impact on their already poor cash flows on the back of slowing sales. The federation feels that the insertion of a new section 49A of the GST Act puts an “unwaranted burden” on their working capital requirements, as they are already hit by slowing sales which began from last September. Under the changes, effective January, IGST credit has to be first…

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