1. GST rollout: Kolkata retailers yet to implement new tax regime

GST rollout: Kolkata retailers yet to implement new tax regime

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

By: | Kolkata | Published: July 5, 2017 6:32 PM
GST, GST rollout, GST impact, Goods and Services Tax, retailers in bengal, pre-GST stock, Chamber of Textile Trade and Industry s, GST registration, GST software “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 ?” a shopkeeper said.(Reuters)

A large section of retail shops are yet to implement Goods and Services Tax and are selling their wares with bills showing fictitious dates of the month of June. “We are still in a lot of confusion. The simple way out is buying and selling with June bills,” a sanitary shop owner in College Street in the city 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 ?” he said.

Another shop owner said such billing will help to liquidate old stocks. A decorative paints shop owner said 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.

Truck movement has also reduced in the wake of GST, a truckers body official said. Chamber of Textile Trade and Industry said textile traders have been given extension for GST registration till July and so there was no compulsion for them. Indo-Bangladesh trade was also affected due to some technical glitches in GST software, customs agents association officials claimed.

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