Kolkata retailers yet to implement new tax regime

Retail shops in Kolkata are selling their old stocks with bills showing fictitious dates of the month of June.
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A large section of retail shops in Kolkata are yet to implement Goods and Services Tax and are selling their old stocks with bills showing fictitious dates of the month of June.

A shop owner in College Street told PTI, "We are still in a lot of confusion. The simple way out is buying and selling with June bills"

He said, "There are several tax slabs of GST and to get the old stock re-priced will take time. Till then should we keep our shop closed?"

Another shop owner said that such billing will help to liquidate old stocks.

A decorative paints shop owner said that he would continue selling with backdated bills till the matter is settled.

However, government has said retailers with unsold pre-GST stock of products can stick the new prices on them taking into account the post-GST changes for selling.

 
 
 
 
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