Govt extends deadline for selling pre GST packaged old stock by three months to Dec 31

 

Government has extended the deadline to sell pre-GST goods by three months till 31st of December this year. Consumer Affairs and Food Minister Ram Vilas Paswan said, on the packaged commodities, Industry can display revised MRP due to GST implementation using sticker, stamping and online printing up to the end of this year.

Under the GST regime, stocks as on 30th of June with mandatory MRP labelling could be sold only up to September 30 by pasting new MRP stickers. From 1st of October, the packed goods having new printed MRP could be sold only.

The deadline has been extended amid Confederation of All India Traders’ demand to extend the date up to facilitate traders to liquidate old stock. They had claimed that goods worth 6 lakh crore rupees could become redundant, if the last date for using MRP-labelled old stock was not extended.