Saturday, September 30, 2023
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Top Theto
  • Home
  • Computer
    • Gaming
    • Mac
    • Oparating system
    • Software
    • Tips
  • Education
    • Fashion
    • Featured
    • Finance
    • Sports
    • Home Security
  • Internet
    • Internet Tips
    • Latest Internet News
    • Seo Tips
    • World News
    • Web Design
      • WordPress
        • Plugins
        • Templates
        • Tips
      • Blogger
        • Templates
        • Tips
  • Life
    • Beauty
    • Health
    • Law
    • Property
  • Mobile
    • Android
    • Apps
    • Mobile Devices
    • Samsung
    • Sony
  • Tech
    • Auto Mobile
    • Gadgets
    • General News
    • Travel n Tour
  • Contact Us
No Result
View All Result
Top Theto
  • Home
  • Computer
    • Gaming
    • Mac
    • Oparating system
    • Software
    • Tips
  • Education
    • Fashion
    • Featured
    • Finance
    • Sports
    • Home Security
  • Internet
    • Internet Tips
    • Latest Internet News
    • Seo Tips
    • World News
    • Web Design
      • WordPress
        • Plugins
        • Templates
        • Tips
      • Blogger
        • Templates
        • Tips
  • Life
    • Beauty
    • Health
    • Law
    • Property
  • Mobile
    • Android
    • Apps
    • Mobile Devices
    • Samsung
    • Sony
  • Tech
    • Auto Mobile
    • Gadgets
    • General News
    • Travel n Tour
  • Contact Us
No Result
View All Result
Top Theto
No Result
View All Result

GST Countdown

Ernesto J. Sager by Ernesto J. Sager
August 30, 2023
in Auto Mobile
0

Loss of credit on transition stock this is a yr vintage, boom inside the operating capital requirement, impact on exchange reductions – vehicle dealers across India are coping with these demanding situations as they equipment up for the July 1 rollout of the Goods and Service Tax regime.

On BloombergQuint’s special collection, GST Countdown, John Paul, president of the Federation of Automobile Dealers Association, Vinkesh Gulati, accomplice at United Automobiles Saurabh Kedia, director at Kedia Group, shared their issues and posed questions to Ritesh Kanodia, a partner at Dhruva Advisors.

Article Summary show
You might also like
How to ensure you do not forget your bike insurance renewal
How to Get Second Hand Car Loan in Kolkata
5 Tips For Choosing The Best Fleet Management Software
Here are the edited excerpts:
Is that something dealers in Kolkata are also struggling with?
Is there a way for dealers to minimize this loss?

You might also like

How to ensure you do not forget your bike insurance renewal

How to Get Second Hand Car Loan in Kolkata

5 Tips For Choosing The Best Fleet Management Software

Here are the edited excerpts:

What are a number of the challenges that dealers are going through in Allahabad?
Venkatesh Gulati: The challenge is the stock of old stocks of spares, add-ons, or maybe motors, which can be more than one-year vintage. It’s now not just like the electronics marketplace in which you could give a 50 percent off and clear the stock. Auto spares and add-ons can be greater than 3 years of antique, and all the auto sellers in Allahabad but all over India are wondering what to do approximately those shares? They see a direct one hundred percentage excise obligation loss on that.

Is that something dealers in Kolkata are also struggling with?

Saurabh Kedia: I think what has happened is, the authorities have attempted to plan rules that allow you to convey those who are non-compliant into the mainstream, and the automobile industry is come what may suffer the brunt of it. They are already a completely compliant business, and due to that, each of our shares is already declared, and we are inside the formal channel.
But the stipulation of a couple of of-yr-old stock no longer allowed for input credit is hurting us very badly. There is a massive amount of cash clogged in that. The hit is in crores, and the general effect goes to be big.

Related Posts :

  • Restricted schooling restriction younger humans?
  • GST impact on mobile phone bills:
  • Post GST regime: Should you buy property now or wait?
  • What do style insiders think about Phantom Thread?
  • Finance Minister decides to invest.

Is there a way for dealers to minimize this loss?

GST Countdown 1Ritesh Kanodia: The authorities have no longer given any rest on the one-year stock preserving period. The rule says, when you have an inventory that is extra than a yr vintage, you will not get the credit. The most effective factor that I am no longer privy to is the credit you tackle on a 60-40 percentage basis. Will or not it’s relevant even if you have an excise responsibility paying report on your hand?

So, until the date, the exercise was that sellers were now not issued an excise paying document due to the fact they had been no longer eligible to take any credit score, and they were certainly no longer concerned. What manufacturers or importers have commenced is, they have got commenced paying them an excise-paying file.
Also, there may be a provision that will be delivered that’s your credit score switch filestore for an inventory that is multiple years old if the dealer has the duty-paying report is still not clear?

Did you get any consolation from manufacturers or vendors from whom you supply spare parts that, if at all, they will be able to shoulder some ache on the transition inventory?

Previous Post

How to build an application with Laravel and Vue?

Next Post

Automobile sales in India grow by 10% in May 2017

Ernesto J. Sager

Ernesto J. Sager

Infuriatingly humble internet advocate. Unable to type with boxing gloves on. Alcohol expert. Twitter scholar. Creator. Spent 2001-2005 consulting about Virgin Mary figurines in Salisbury, MD. Spent 2002-2008 licensing corncob pipes in Phoenix, AZ. Spent 2002-2009 investing in glucose in Gainesville, FL. Spent 2002-2010 deploying Roombas in Suffolk, NY. Spent college summers testing the market for soap scum in the UK. Prior to my current job I was lecturing about birdhouses in Cuba.

Related Posts

https://lh6.googleusercontent.com/-M32YeKRCKESk9ys99L_4NGnVVu5PSWKlFaSL1Phwbi6ZaDQFlspQcv9uIbnd_x_rGqoVoA1SeaXSd4KIz_96q8u0DL9uIOExjKn5NcplFiQ6qgFFxwIml-aL7Apikig8zFPulve
Auto Mobile

How to ensure you do not forget your bike insurance renewal

by Ernesto J. Sager
September 19, 2023
How to Get Second Hand Car Loan in Kolkata
Auto Mobile

How to Get Second Hand Car Loan in Kolkata

by Ernesto J. Sager
September 19, 2023
5 Tips For Choosing The Best Fleet Management Software
Auto Mobile

5 Tips For Choosing The Best Fleet Management Software

by Ernesto J. Sager
September 2, 2023
First Drive: 2018 Volkswagen Tiguan
Auto Mobile

First Drive: 2018 Volkswagen Tiguan

by Ernesto J. Sager
August 31, 2023
BRIEF-Tianjin FAW Xiali
Auto Mobile

BRIEF-Tianjin FAW Xiali

by Ernesto J. Sager
August 31, 2023
Next Post
Automobile sales in India grow by 10% in May 2017

Automobile sales in India grow by 10% in May 2017

No Result
View All Result

Today Trending

Super Bowl Prop Bets

Super Bowl Prop Bets

by Ernesto J. Sager
September 28, 2023
0

The stage is set for Super Bowl LVI. The Cincinnati Bengals will represent the AFC, with the Los Angeles Ram...

Betting Market’s Expected Growth

Betting Market’s Expected Growth

by Ernesto J. Sager
September 28, 2023
0

Numbers will build a stronger case than any other indicator when looking at any expected growth in a specific business...

Games of the Century, Well, Sometimes They Are

Games of the Century, Well, Sometimes They Are

by Ernesto J. Sager
September 28, 2023
0

Deeming an AFC Divisional round matchup the "Game of the Century" before it started would be hyperbole in almost any...

Must See

Super Bowl Prop Bets
Sports

Super Bowl Prop Bets

September 28, 2023
Betting Market’s Expected Growth
Gaming

Betting Market’s Expected Growth

September 28, 2023
Games of the Century, Well, Sometimes They Are
Sports

Games of the Century, Well, Sometimes They Are

September 28, 2023
The Importance of Web Application Security
Internet

The Importance of Web Application Security

September 24, 2023

About Us

TopTheto is the website where you can get all the latest posts regarding the internet and tech stuff on a daily basis so please subscribe to our newsletter no never miss any updates from us.

Conatct Us: admin@toptheto.com

Popular Post

Android cellphone makers replica appearance of Apple’s iPhone X
Android

Android cellphone makers replica appearance of Apple’s iPhone X

by Ernesto J. Sager
August 13, 2023
0

One of them, Noa, is getting ready the N10, set to appear at this month's Mobile World Congress in Barcelona,...

Read more

Recent Post

Super Bowl Prop Bets

Super Bowl Prop Bets

September 28, 2023
Betting Market’s Expected Growth

Betting Market’s Expected Growth

September 28, 2023
Games of the Century, Well, Sometimes They Are

Games of the Century, Well, Sometimes They Are

September 28, 2023

Must See

The Importance of Web Application Security
Internet

The Importance of Web Application Security

by Ernesto J. Sager
September 24, 2023
0

...

Read more

CopyRight © 2023 - Toptheto | ALL Rights Reserved To Us

No Result
View All Result
  • Home
  • Computer
    • Gaming
    • Mac
    • Oparating system
    • Software
    • Tips
  • Education
    • Fashion
    • Featured
    • Finance
    • Sports
    • Home Security
  • Internet
    • Internet Tips
    • Latest Internet News
    • Seo Tips
    • World News
    • Web Design
      • WordPress
      • Blogger
  • Life
    • Beauty
    • Health
    • Law
    • Property
  • Mobile
    • Android
    • Apps
    • Mobile Devices
    • Samsung
    • Sony
  • Tech
    • Auto Mobile
    • Gadgets
    • General News
    • Travel n Tour
  • Contact Us

CopyRight © 2023 - Toptheto | ALL Rights Reserved To Us