Centre hints at extending deadline to clear unsold pre-GST goods

ANI | Updated: Sep 29, 2017 19:16 IST

New Delhi [India] September 29 (ANI): The Finance Ministry sources on Friday said that the government may extend the last date for selling MRP (Maximum Retail Price) labelled pre-GST stock.

It added that the traders likely to get relief on unsold stock.

"The Finance Ministry has given nod to the extension of date and the Consumer Affairs Ministry will issue the notification," the Finance Ministry sources said.

Under the existing rules, companies have time till September 30 to clear unsold pre-GST goods with a revised MRP to be displayed along with printed sale price to reflect the changes post the new tax regime kicking in.

Also, the old MRP will have to be clearly on display along with the revised MRP sticker.

Union Finance Minister Arun Jaitley on Thursday met exporters and industry bodies to discuss their concerns and glitches regarding GST. (ANI)