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.
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
