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

Hindustan Times (Jalandhar) - - NEWS - Gireesh Chan­dra Prasad fee­back@livemint.com

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.

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