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July 31 set as deadline for Pre-GST packaged goods
Posted on: 15/Jun/2018 5:24:40 PM
The governmental orders states the selling mechanism of the Pre-GST goods in its recent release of public announcement. The kind of Pre-GST goods can be sold with stickers of revised rates setting up the deadline for these goods as July 31.
The GST was implemented in India on July 1, 2017 entirely changing the taxation process of the whole country. The government allowed the sales of the goods produced before GST imposition with the placement of stickers with revised rate combined with printed MRP for the purpose of reflecting change in the prices. The price fixation in selling rates had many deadlines earlier and now it was extended till July 31, 2018.
The ministry of tax ordered the sales to mention the country of origin as a mandatory declaration along with other details such as expiry date and other source details.
