Business has ups and downs. And Ministry of Finance should not be protecting Auto Dealers from the GST consequences. If auto prices go down let the customer benefit in full. When prices go up, the Auto Dealers make the customers take the fall. It is wrong to allow Auto Dealers to fix a price to recoup losses on cars in stock due to GST application. In that way, future customers will be paying higher cost always because greed has no bound.
However if Government wants to work out a way to compensate for its own loss of income from usual exercise refund on all goods then that is understandable.
It is high time that Government put in place a transparent pricing structure of products like cars sold by restricted number of General Dealers. Dealers must have profit but prices of products sold on Monopoly Basis , must be controlled and made transparent by the Ministry of Finance and Ministry of Economic Affairs through their respective Executive Agencies.
Nice articile
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