Latest News Update

Government allows companies to paste MRP stickers till March 2018

MRP stickers

New Delhi: The government has allowed companies, until March 2018, to paste price stickers on unsold packaged products to reflect new MRP post-GST, Consumer Affairs Minister Ram Vilas Paswan said today.

After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended till December.

When rates of about 200 items were cut in mid-November, the ministry permitted to paste additional stickers under the Legal Metrology (Packaged Commodities) Rules, 2011.

As many as 178 items of daily use have been shifted from the top tax bracket of 28 percent to 18 percent, while a uniform 5 percent tax was prescribed for all restaurants, both air-conditioned and non-AC.

Comments

Most Popular

To Top