Eicher Motors gets a cut of more than Rs 100 crore in GST demand

Eicher Motors has revised its GST demand orders from the Chennai office to Rs 26.97 crore from Rs 129.79 crore, following an appeal by the automaker. The cut, amounting to over Rs 100 crore, pertains to the non-reversal of input tax credit on returned materials in FY18, which the company had originally accounted for by paying output tax liability.