Govt extends deadline to sell pre-GST goods to December 31

NEW DELHI: The government on Friday allowed businesses and traders to sell their stock pre-dating July 1, when the goods and service tax (GST) was implemented, until December 31 with stickers showing the revised price.

The relief comes after manufacturers, traders and the industry sought more time to exhaust their pre-GST stock, said a statement from the ministry of consumer affairs, food and public distribution. The earlier deadline announced on July 7 by consumer affairs minister Ram Vilas Paswan was to expire on September 30. Paswan had on that day clarified that pasting stickers with revised prices on pre-July stock will not amount to a breach of any rule.