The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
Related insights:
Article
Budget 2023 expectations of retail sector
Top 5 budget 2023 expectations of retail sector
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
Related insights:
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.

If GST is reduced by 10 percentage points to 18%, the potential reimbursement for two-wheeler makers on inventory existing in the market could add up to Rs 1,500 crore, Bajaj said. The sum could be higher for passenger vehicle makers. However, Goenka said that while this might have been a problem in the earlier tax regime, under GST, inventory will not be a constraint because dealers can set off the tax differential.
According to Suresh Rohira, partner at accounting firm Grant Thornton, a reduction in GST on the existing inventory will lead to excess GST credit on the books of dealers.
This article appeared in Economic Times on 09th Aug, 2019.
Also appears under...