New Delhi, November 18: Reduction in GST rates has given relief to the public. GST has reduced on many things. On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. In this context, the manufacturers or packers or importers of pre-packaged commodities are now allowed to declare the revised retail sale price (MRP) in addition to the existing retail sale price (MRP).
Union Minister for Consumer Affairs, Food & Public Distribution, Ram Vilas Paswan has allowed the manufacturers or packers or importers of pre-packaged commodities to declare the changed retail sale price (MRP) by way of stamping or putting sticker or online printing, as the case may be.Use of unexhausted packaging material/wrapper was also been allowed upto 30th September, 2017 after making the necessary corrections.
Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. up to 31st December, 2017.
This relaxation will also be applicable in the case of unsold stocks manufactured/ packed/ imported after 1st July, 2017 where the MRP would reduce due to reduction in the rate of GST post 1st July, 2017.