GST: Auto, tyre makers calm dealers with assurances

Dealers have been told that loss due to transition to GST would be protected by manufacturers

Leading automobile and tyre makers are reaching out to dealers with an assurance in the run-up to the implementation of the goods and services tax (GST). Dealers, who are the front-end of these businesses, have been told that any loss arising out of the transition to the GST would be taken care of by the manufacturers. 

The country’s largest tyre maker, MRF, recently informed dealers that if a dealer has stocks (in July) against invoices made on April 17 or later, the stocks would be “completely protected” against any loss. The Chennai headquartered company, however, advised dealers to sell the