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Revision of MRP

15 June 2017

what happens to the stock of MRP good lying with retailer on which the GST rate has gone up to 28% (skincare and hair care products). even after the deemed credit the retailer will have a loss on account of higher GST. If the company revises the MRP upwards, can the retailer sell the old stock at new MRP?

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5 Replies

crazy kolkata (6 Points)
Replied 15 June 2017

what is the deposit for gst registration??

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Tulasiram Singh (123) (37 Points)
Replied 15 June 2017

why not ? but question raises is
whether such 're packing amounts to manufacturing under current excise regime ?
whether cost of such replacement of packing etc will cover the extra outgo of get ?
whether business will not get affected ?

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RAJA P M ("Do the Right Thing...!!!") (127817 Points)
Replied 17 June 2017

Originally posted by : Amul Sanghrajka
	what happens to the stock of MRP good lying with retailer on which the GST rate has gone up to 28% (skincare and hair care products). even after the deemed credit the retailer will have a loss on account of higher GST. If the company revises the MRP upwards, can the retailer sell the old stock at new MRP?