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Dealers to halve stocks as GST roll-out nears

FMCG, durables, pharma firms say they remain unclear about transition gains and losses

Viveat Susan Pinto Arnab Dutta Aneesh Phadnis & Ajay Modi  |  Mumbai/New Delhi 

The goods and services tax (GST), the biggest tax reform since Independence, is likely to lead to much disruption in trade as transition fears grow in the run-up to its introduction on July 1. Retail and wholesale trade Business Standard spoke to (across fast-moving consumer goods, durables and pharmaceuticals) admit they remain unclear about transition gains and losses, prompting them to scale back on inventory requirements by 50-70 per cent from current levels. “I am speaking to manufacturers on a daily basis to understand what is the tax I land up paying and what is ...

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First Published: Wed, May 24 2017. 02:31 IST
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