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GST may fuel growth of domestic auto ancillary industry

Goods and Services Tax - GST - Dated:- 4-3-2017 - Mumbai, Mar 3 (PTI) The proposed GST implementation may fuel growth in the USD 39 billion domestic auto ancillary industry following lower taxation of 18 per cent under the new regime, industry expert .....

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the experts said. They were speaking at a KDK Softwares-organised panel discussion on the impact of GST on auto ancillary industry. The industry is already reaping benefits of a favourable ecosystem in domestic market and increasing globalisation of .....

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r to the OEM facilities just to avoid VAT credit chain. However, in the new GST regime they will now no longer be required to be near to the OEMs facilities as the input credit claim will be available to them through IGST and SGST. This will reduce t .....

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