GST cloud hangs over excise mop-up as dealers hold up tight

  Excise collections may take a hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST , which is slated for July 1 launch. The GST Council will meet on May 18-19 to decide on the rates, and sources said tax rates of as many as 6,000 products have to be decided. In view of this uncertainty and also the transitory mecha…