News
Worried retailers limit purchases ahead of GST rollout
- Date:
- April 28, 2017
- Source:
- Economic Times
Many small retailers and wholesalers are restricting the quantity of products they buy from consumer goods companies, fearing that they may incur a loss when the country moves to goods and services tax (GST). The worry is that from July 1, GST would apply on the goods they sell, even if they had bought those before that date and already paid value-added tax, excise duty and other levie…