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Jun 23, 2017
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Consumer-facing firms selling cars, electronics will be GST-ready only by mid-July
Consumer-facing companies selling groceries, medicines, cars and electronics could be ready for the new goods and services tax regime only by mid-July as a significant part of their ecosystem — dealers, wholesalers and retail stores — still lack basic IT infrastructure and licences for the transition.Larger companies are well on their way in putting systems in place. From the compliance perspective, they have got leeway to put it in place till August,” said Hitesh Sharma, partner.
Source -
http://economictimes.indiatimes.com
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