Mobile companies seek additional 6 months to sell pre-GST stock

Mobile handset companies, under the aegis of Indian Cellular Association, have sought additional six months to liquidate pre-GST period devices so that they can avail input tax credit. The deadline to avail input tax credit by mobile firms on handsets manufactured before July 1 is December 31, 2017. "Our feedback is that the six-month July-December 2017 period is insufficient to liquidate the old…