Companies reduce supplies ahead of transition to GST

A leading consumer appliances maker will stop taking fresh orders from its dealers starting Thursday. This will ensure that the company clears all pending orders in the next two-three days and spends the following four-five days to update its system for transition to the goods and services tax (GST) from July 1. Between June 25 and 30, the company's dispatches will either stop or slow down to a mi…