GST impact: Cos face jail term for not reprinting revised MRP on inventory
Manufacturers have been
allowed to clear the unsold stocks by September with new MRP
LATEST
NEWS : Consumer
Affairs Minister Ram Vilas Paswan today warned of a fine of up to Rs 1 lakh,
including a jail term, if new post GST
rates are not printed on the inventory in the interest of consumers.
Manufacturers have been allowed to
clear the unsold stocks by September with new MRP.
A committee of the consumer affairs
ministry has been set up to address consumer grievances on GST and even
helplines have been increased to 60 from 14 to address tax related queries, he
said.
More than 700 queries have been
received by the consumer helplines and the ministry has sought expert help from
its finance counterpart to resolve them.
"There are initial hiccups
while implementing GST, but all those will be resolved soon. All ministries
concerned, including finance and consumer affairs, are alert and a redressal
mechanism is in place to resolve the concerns of consumers and traders,"
Paswan told reporters here.
Under the GST regime, he said some
prices of goods have fallen and some have risen.
"We have told companies to
reprint revised rates on unsold goods. Stickers of new MRP should be pasted so
that consumers are aware of the change in rates after GST," he said.
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