Auto Dealers Face Rs 2,500 Crore Loss as GST Cess Credits Become “Stranded”
A clarification from the Chief Commissioner of Meerut CBIC has spelled out bad news for automobile dealers. According to Sanjay Mangal, cess credits cannot be used or refunded under the current GST law. Here’s a breakdown of the situation: In short, while the clarification resolves regulatory uncertainty, it leaves auto dealers in a tough financial … Read more