Change In MRP On Unsold Stock Prior To Implementation Of GST Allowed Till Sept 30

On account of implementation of GST w.e.f. July 1, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed.In this context, Union Minister for Consumer Affairs, Food & Public Distribution Ram Vilas Paswan had allowed manufacturers or packers or importers of pre-packaged commodities to declare the changed retail sale price (MRP) on the unsold stock manufactured/ packed/ imported prior to July 1, after inclusion of the increased amount of tax due to GST, if any, in addition to the existing retail sale price for three months w.e.f. July 1, 2017, to September 30, 2017.Declaration of the changed retail sale price shall be made by way of stamping or putting sticker or online printing, as the case may be.It is also clarified that ‘for reducing the Maximum Retail Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer, as the case may be, on the label of the package’.Use of unexhausted packaging material/wrapper has also been allowed upto September 30, 2017, after making the necessary corrections.The Legal Metrology (Packaged Commodities) Rules, 2011, are framed to regulate pre-packaged commodities.Rule 6 of the said rules provides that every package shall bear thereon the following declarations: Name and address of the manufacturer/ packer/ importer Common or generic name of the commodity contained in the package Net quantity, in terms of standard unit of weight or measure or in number Month and year of manufacture/ pack/ import Retail sale price in the form of MRP in rupees inclusive of all taxes Consumer care details

Change In MRP On Unsold Stock Prior To Implementation Of GST Allowed Till Sept 30

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