Government wants new MRP on 200 goods amid GST change | business news | Hindustan Times
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Government wants new MRP on 200 goods amid GST change

The manufacturers will have to fix new stickers of reduced MRP along with the old MRP to pass on the benefits of reduction in the Goods and Services Tax (GST) to consumers.

business Updated: Nov 16, 2017 16:26 IST
Indo Asian News Service
Indo Asian News Service
Indo Asian News Service
GST change,MRP,Goods and Services Tax
The manufacturers failing to fix new stickers of reduced MRP along with the old MRP will attract action.(Praful Gangurde/HT File Photo)

Union consumer affairs minister Ram Vilas Paswan on Wednesday said new Maximum Retail Price (MRP) will have to be printed on around 200 consumer products in the backdrop of a change in the taxation structure by the GST Council on November 10.

The manufacturers will have to fix new stickers of reduced MRP along with the old MRP to pass on the benefits of reduction in the Goods and Services Tax (GST) to consumers, Paswan said, adding that failing to do so will attract action.

“Those goods on which GST has been lowered will have to be sold at new MRP. Benefit has to be passed on to customers. Notification has been issued in this regard,” Paswan told reporters.

“We have written to the Legal Metrology Department to take action in case of non-compliance. Also, consumers can lodge complaint through National Consumer Helpline.”

The changed tax structure has been in force from Wednesday.

The ministry had made a similar move after roll out of GST on July 1 this year, with the deadline for dual MRP till September 30, which was later extended to December 31.

First Published: Nov 15, 2017 19:59 IST