GST impact of destocking is between 15 to 20 crores: Mithun Chittilappilly, V-Guard Industries

In an interview with ET Now, Mithun Chittilappilly, MD, V-Guard Industries said that,”we have seen a lot of pickup in sales post July 15th to 20th because in many states the VAT filing for the previous month closes by 15th or 20th of next month.” Edited excerpts:

ET Now: Q1 has looked rather weak. It has been a poor quarter and I believe that has largely been attributed to destocking by trade due to GST which led t ..

Source: http://economictimes.indiatimes.com/articleshow/59861055.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Related Posts