Pre-GST Stock Receives Govt Stamp of Approval
By Team Legistify / 2017-07-06

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Manufacturers and retailers can stamp new prices on their preGST stock of goods and sell them till end September, the government has said, ending the confusion over the stock that was left unsold on July 1, and checking potential malpractices. But a section of industry was upset that the government had not issued this clarification earlier.

“If we would have known this earlier, the industry could have planned the transition better. Retailers would have not have been under pressure to liquidate old stock at almost cost price and primary sales from companies to trade would not have declined the way it did in June,” said Vi- The Road Ahead

Good To Go Again

of goods can be sold after mentioning new MRP till Sept 30

can also be used over this period

None

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