CA Umesh Sharma
Quick Summary
Through a fictional dialogue between Arjuna and Krishna, this piece explains the governments circular on revising the Maximum Retail Price (MRP) of unsold pre-packaged goods due to GST rate changes. Manufacturers, packers, and importers can update MRPs until December 31, 2025, by stamping, stickers,
Daily Limit Reached
You have reached your daily limit of 2 Free Articles
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Articles Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member? Login here for an ad-free experience.
FAQ :
Manufacturers, packers, and importers can revise the MRP of unsold pre-packaged goods until December 31, 2025, or until their existing stock is exhausted, whichever comes first.
Revised MRPs can be applied by stamping, using stickers, or online printing on the packages. It's essential that the original MRP remains visible and is not obscured.
No, the revised price must strictly reflect only the changes in GST rates. Any increase or decrease in price should be solely due to the GST adjustment, not arbitrary hikes.
Manufacturers are required to publish at least two advertisements in newspapers to inform the public about the revised MRP and also send notices to dealers and the Director of Legal Metrology.
Consumers should remain vigilant and check that the revised MRP accurately reflects only the GST changes. They should be aware that revised price tags might be placed anywhere on the packaging.
CAclubindia
