logistics news

GST transition may hit dealers, retailers hard - DNA

The Goods and Service Tax (GST) regime is just around the corner but the credit input-related transitional provision is likely to have a major impact on dealers' as well as retailers' pockets.

In central GST if dealers or retailers do not have the excise bills issued by the manufacturer in their name they will get only 40% credit and rest will have to be paid from their pocket.

The majority of stock lying with dealers, distributors, retailers and showrooms are excise-paid but as per the draft GST Transiti

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