Working capital

A whole host of companies—in sectors such as automobiles, packaged consumer goods and  pharmaceuticals—have set up units in such locations to claim exemptions. Photo: AP

GST jitters for area-based exemptions

3 min read . 26 Jun 2017
About 85% of the blocked credit could be with companies having more than Rs500 crore of revenue. Graphic: Naveen Kumar Saini/Mint
Net working capital at Larsen and Toubro had shot up from about 17% of sales to 24% in just three years, due to delays in project execution, customer payments, vendor support and so on.<br />