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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
“Big firms are ready with the IT infrastructure and back-end starting from invoicing, documentation and taxation. But, most of the small and medium companies and vendors that form the distribution and supply-chain for the bigger firms are not ready. Some are finding it difficult because they don’t have an IT system in place and cost is a factor for them. Adding that most of the big companies have extended help to their vendors on this and some of the big vendors may be ready for the GST rollout."
Partner, Grant Thornton India LLP
This article apeared in Live Mint on 3rd March, 2017.
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