GST regime: New MRP rules released, defaulting manufacturers to be fined

Goods and Services Tax
Govt has given 3 months time to reprint revised MRPs under
the Packaged Commodities: Paswan tweeted

Latest news : The government on Tuesday warned that legal action will be initiated against
manufacturers for not printing the revised MRP post rollout of the GST.
Food and Consumer Affairs Minister Ram Vilas Paswan said the government has given three months
time till September to reprint the revised maximum retail price (MRP) with the implementation of
the landmark Goods and Services Tax (GST).

In a series of tweets, Paswan said that prices of some commodities have fallen, while some have
increased with the implementation of GST.

"Fall in prices due to lower GST should be passed on to consumers. ...The government will take legal
action against vendors not declaring revised MRP after GST," he said.

The revised rates should be displayed on commodities so that consumers are aware what is the MRP
of each item after GST, he added.

"The government has given time till September to reprint the revised MRP under the Packaged
Commodities Rule," he said.

Also read this : GST Impact: Renault passes on tax
benefits, cuts vehicle prices by 7%

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