New rules allow firms to take input tax credit on stocks unsold before rollout

 Giving significant relief to car and consumer durables manufacturers, the Finance Ministry on Wednesday released the final rules for transition provisions under the Goods and Services Tax (GST), allowing them to carry forward input tax credit for 90 days, against the earlier provision of 60 days. The new rules by the Central Board of Excise and Customs (CBEC) also allow dealers and makers of…