Govt’s latest decision in terms of MRP stickers; here it is

companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP)

Govt’s latest decision in terms of MRP stickers; here it is

In a major decision, the government has allowed companies time till March 2018 to paste price stickers on unsold packaged products to reflect new MRP post-GST.

This was informed by Consumer Affairs Minister Ram Vilas Paswan in a press briefing today.

It may be mentioned that after Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September.

However, the date was later extended till December.

When rates of about 200 items were cut in mid-November, the ministry permitted to paste additional stickers under the Legal Metrology (Packaged Commodities) Rules, 2011.

Last month, the ministry had allowed to “affix an additional sticker or stamping or online printing for declaring the reduced MRP on the pre-packaged commodity”.

As many as 178 items of daily use have been shifted from the top tax bracket of 28 percent to 18 percent, while a uniform 5 percent tax was prescribed for all restaurants, both air-conditioned and non-AC.

To ensure GST cuts are passed on to consumers, Paswan had recently directed state legal metrology officers to check if companies are pasting the new MRP stickers.

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