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 ...