Companies given time till Dec ;paste new MRP sticker GST revision
Written by : SMTV24x7 | Fri, Nov 17, 2017, 11:26 PM
After revising the GST rates on about 200 items the government has given time till December to the companies to paste new price sticker on packeged products.
The permission to paste additional price stickers was given under the Legal Metrology (Packaged Commodities) Rules, 2011.
In a statement, consumer affairs minister Ram Vilas Paswan said GST rates have been further reduced on some commodities and therefore the ministry has allowed to “affix an additional sticker or stamping or online printing for declaring the reduced MRP on the pre-packaged commodity.”
“This relaxation will also be applicable in the case of unsold stocks manufactured/ packed/imported after July 1, 2017 where the MRP would reduce due to reduction in the rate of GST post July 1, 2017,” the statement said.