✕

Looking for a business loan

*

Thank you for your interest, our team will get back to you shortly

✕
Please Fill the Details to download

Thank you for your response

✕
Get Expert Assistance

Thank you for your response

Our representative will get in touch with you shortly.

  1. Home
  2. GST
  3. GST News and Announcements
  4. Companies Slow Down Production Ahead of GST In Order To Clear Stock

Companies Slow Down Production Ahead of GST In Order To Clear Stock

Companies have decided to slow down production and dispatch in the last few days of June, ending this quarter early so as to be GST-ready in time.

Updated on :  

08 min read.

social icons social icons social icons social icons

Updates from 22nd June, 2017

Many companies have slowed down production and dispatch of goods, in order to give their dealers enough time to de-stock and clear existing stocks before the implementation of GST. In the last days of June, companies want to focus on transitioning and updating their software.

They also want to avoid complications in taxation as goods dispatched before July 1st and received after the appointed date will attract additional taxes under GST.

As reported in Times of India

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute