Auto majors in GST gear

Companies hope that GST will simplify the issue of accumulation of VAT credit and refund

Finance and information technology (IT) departments in major automobile companies are working overtime for transitioning to the goods and services tax (GST) regime, which is likely to be rolled out from July 1. Detailed training calendars have been put in place for the dealers and vendors who will also be taken through a series of simulation exercises.

“We created a cross-functional team (CFT) within the organisation, (taking people) from various business verticals (finance, IT, marketing and sales, logistics, supply chain). Our team understood regulatory requirements and mapped the same with various business processes,” said Ajay Seth, chief financial officer at