Deadline to sell pre-GST goods extended till December 31

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Government has extended the deadline to sell pre-GST goods by three months till 31st of December this year. In a tweet, 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 labeling 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.

A retailers’ body, the Confederation of All India Traders, and several companies had said that they were still left with unsold stock of pre-GST goods. The traders’ body had claimed that goods worth around Rs 6 lakh crore may be wasted if the last date was not extended beyond September 30, PTI reported.

In July, the government had allowed the use of stickers with revised rates for items priced under the old tax system. With the implementation of the GST, the prices of some products changed because of the increase or decrease in tax incidence. The Centre had then made it mandatory for all packaged items to mention the Maximum Retail Price as well as the revised rates to make the difference clear to consumers.