The last date for sale of pre-GST packaged goods has now been extended till July 31. The pre-GST goods, however, must be sold with stickers on them and must reflect the changes in MRP (increase or decrease) post-levy of the new GST rates.
In addition to this, as per the rules set by the consumer affairs ministry, it is mandatory for the seller of pre-GST goods to include details like ‘country of origin’, ‘best before use’ or ‘use by date or expiry date’ should be mandatorily declared on the unsold items. The decision from the Ministry comes in the light of requests made by manufacturers, packers, and importers.
Read Also: Max Retail Price Rules Under Goods and Services Tax in India
However, this is not the first time that the last date for sale of pre-GST products has been extended. Initially, the Government had allowed the sale of unsold goods from pre-GST times till September 30, 2017.
This was further extended till April 30, 2018. During each extension, it was mandated to include stickers on the pre-GST products to reflect the changes in the final retail prices post-levy of the new increased or decreased GST rates.
There was a lot of discussions done for the issue related to pre GST goods left in the stocks.
An advisory has been released by the Goods and Services Tax Network (GSTN) which notifies…
It was cited by the Delhi HC that the two adjudication orders against one SCN…
The Central Board of Direct Taxes (CBDT) in an update for the taxpayers via the…
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second…
Goods and Services Tax (GST) is to get paid on the procurement of materials and…
The Bombay High Court carried that as the revocation orders for the registration cancellation on…
View Comments
But the trans2 period is from oct to dec only ... Why it has not been increased.