Deadline For Selling Pre-GST Goods, With Revised Price Labels, Extended To Dec. 31

The deadline for the sale of pre-GST goods with stickers of revised rates has been extended by three months to December 30.This decision was taken upon the representation by the Confederation of All-India Traders and various companies since a sizeable amount of the pre-GST stock was still unsold.Representatives of CAIT claimed that goods amounting to nearly Rs. 6 lakh crores would be rendered redundant if the date is not extended beyond September 30.After the implementation of the GST regime from July 1, the Ministry for Consumer Affairs, Food & Public Distribution had allowed sale of pre-GST stock using revised price stickers till September 30.The press release by the Ministry of Consumer Affairs can be read below:“On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. In this context, Hon’ble Minister for Consumer Affairs, Food & Public Distribution had allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to the existing retail sale price (MRP), for three months w.e.f. 1st July 2017, to 30th September, 2017. Declaration of the changed retail sale price (MRP) was allowed to be made by way of stamping or putting sticker or online printing, as the case may be. Use of unexhausted packaging material/wrapper was also been allowed upto 30th September, 2017, after making the necessary corrections. Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. upto 31st December, 2017.”

Deadline For Selling Pre-GST Goods, With Revised Price Labels, Extended To Dec. 31

aasavri Rai

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