The GSTimes_the monthly Indirect Tax Newsletter - September 2019

BDO in India presents The GSTimes our monthly newsletter on  the world of indirect taxes. The GSTimes aims to  cover the impact, GST has had on various industries, whilst also touching upon recent developments from around the globe. Each issue of the newsletter focuses on one sector and features an eminent face to explain, how the adoption and adaptation of GST, has impacted their daily business activities. It further provides answers to various sector specific issues that are frequently raised amongst professionals.

Sector in Focus for this issue of the GSTimes is – Automobile

The automobile sector of India is one of the largest in the world and has been an important contributor to the Indian economy, accounting  for over 7.1% of India’s gross domestic product (GDP). However, over the last few years, the sector has been facing a severe slowdown with falling sales and piling inventory. The reasons appear to be manifold including NBFS crisis, rising fuel costs, increased axle load limit etc. To help the industry revive, the government has stepped in and has announced few measures to help it come out of this crisis.