Automobile dealers body seeks rollback of new GST changes

Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the changes will have a major impact on their already poor cash flows on the back of slowing sales. The federation feels that the insertion of a new section 49A of the GST Act puts an "unwaranted burden" on their working capital requirements, as they are al…