more-inThe government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said on September 29. The decision came after retailers body CAIT and several companies highlighted that they are still left with huge unsold stocks of pre-GST goods and need more time to clear that. “On packaged commodities, industry can display revised MRP due to GST implementation using sticker/ stamping/online printing up to December 31, 2017”, Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan tweeted. A senior Consumer Affairs Ministry official said the deadline has been extended following demand from several companies like Wipro, HPL and other non-food companies. Businesses had held discussions with consumer affairs ministry regarding unsold stocks, which took up the matter with the revenue department.

Source: The Hindu September 29, 2017 15:22 UTC