Paswan extends date for displaying changes in MRP due to GST to Dec 31 Back to News & Events List


Considering the requests received by the ministry of consumer affairs, food and public distribution to extend the permission for some more time, Ram Vilas Paswan, the minister in charge of it, has extended the date for displaying the revised maximum retail price (MRP) due to the implementation of Goods and Service Tax (GST) by way of stamping, pasting a sticker or online printing by a further period of three months (i e upto December 31, 2017).
 
As the government of India has reduced the rates of GST on certain specified items, permission has been granted under Sub-rule (3) of Rule 6 of the Legal Metrology (Packaged Commodities) Rules, 2011, to either affix an additional sticker or paste a stamp or online printing for declaring the reduced MRP on the pre-packaged commodity. In this case also, the label/sticker bearing the previous MRP will continue to be visible. 
 
The relaxation, which will be available upto December 31, 2017, will also be applicable in the case of unsold stocks which are either manufactured or packed or imported after July 1, 2017, where the MRP would reduce due to the reduction in the rate of GST after July 1, 2017 (the date on which the levy was implemented). On account of the implementation of GST, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed.
 
In this context, Paswan had allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised MRP in addition to the existing one for three months (upto September 30, 2017). The declaration of the revised MRP was allowed to be made by either stamping or pasting a sticker or online printing, as the case may be. The use of unexhausted packaging material/wrappers was also allowed upto September 30, 2017, after making the necessary corrections.
 
Original Source: fnbnews.com

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