News
GST trouble for aviation, hospitality and travel companies
- Date:
- June 18, 2020
- Source:
- Economic Times
Several aviation, hospitality and telecom companies are facing the dual burden of paying Goods and Services Tax ( GST ) dues in cash even as input tax credits keep piling up, stretching the working capital cycle at these companies and creating cash-flow problems. As per the GST framework, the burden of tax payments on certain services and raw materials use…