FADA has therefore requested that cess balances lying in dealer ledgers as of September 21 be transferred to the CGST/IGST credit ledger and allowed for regular GST payments. The Federation of ...

The cess was originally imposed for 5 years from the rollout of GST in 2017 to compensate states for revenue losses, and it was later extended. Automobile manufacturers are staring at a potential ...

GST 2.0 changes may tie up Rs 2,500 crore in blocked credits The Federation of Automobile Dealers Associations (Fada) has written to Finance Minister Nirmala Sitharaman seeking urgent clarifications ...

Automobile dealers have written to the Prime Minister Narendra Modi to resolve the issue of compensation cess before September 22 when the GST 2.0 kicks off and urged for a meeting too, to explain ...

New Delhi: Trinamool MP Derek O'Brien on Thursday said states don't get their share in cess tax collections and this was equal to "loot". In a post on X, the Rajya Sabha member said the cess, a tax ...

The government has announced a reduction of GST on small cars from 28% to 18%. (Representational image: Freepik) Carmakers have stepped in to bear part of the compensation cess burden that auto ...

New Delhi: The government on Tuesday said that the compensation cess on automobiles will cease to exist effective September 22. Currently, automobiles are subject to GST at 28 per cent, which is the ...

GST rate cut cheers car buyers but leaves auto dealers struggling with losses and pricing confusion. (Image: Canva) The GST rate cut has cheered car buyers ahead of the festive season but is it good ...

Trinamool Congress Rajya Sabha leader Derek O'Brien on Friday said the cess going to the Centre is "slitting the throat of federalism", and noted that several states have voiced concern over the ...

The new GST rates across vehicle categories and on auto parts is expected to improve the demand for automotive, which in turn will jobs, investment and a cleaner mobility ecosystem in India, the Heavy ...

Indian passenger vehicle dealers face a potential loss of ₹2,500 crore due to the lapse of the compensation cess on September 22. Dealers holding older stock purchased at higher tax rates risk ...

The textile and apparel sector may face a short-term liquidity crunch following the transition to new GST rates from September 22, as input tax credits (ITC) on old inventories could get blocked due ...