Senior Correspondent, IndianRetailer.com & Retailer Magazine Jul 06, 2017 / 2 MIN READ
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.
Unlike previous drives, the jurisdictional officers now have the authority to not only verify but also suspend licenses during this campaign.
As Finance Minister Arun Jaity is about to pronounce Union Budget 2017 Retailers Association of India (RAI) has expressed their opinion on Union Budget 2017.
The GST launch will be held in the presence of President, Vice President, every Parliamentarian, Chief Ministers of states, GST Council members and all those who have assisted in the entire GST process
Ram Vilas Paswan, Food and Consumer Affairs Minister, said, "The government wants that the benefits of decreased prices, after the imposition of the GST, should reach the common man. For this we have increased the number of consumer helplines to 60."
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