Reprint revised MRP post GST or face legal action, govt tells companies
New Delhi: The government on Tuesday warned that legal action will be initiated against manufacturers for not printing the revised maximum retail prices (MRPs) post the goods and services tax (GST) roll-out.
Food and consumer affairs minister Ram Vilas Paswan said the government has given three months’ time till September to reprint the revised MRPs with the implementation of the landmark GST. In a series of tweets, Paswan said that prices of some commodities have fallen, while some have increased with the implementation of GST.
“Fall in prices due to lower GST should be passed on to consumers... The government will take legal action against vendors not declaring revised MRP after GST,” he said. The revised rates should be displayed on commodities so that consumers are aware what is the MRP of each item after GST, he added. “The government has given time till September to reprint the revised MRP under the Packaged Commodities Rule,” he said.
- Nobel Prize payout raised 12.5% to $1.12 million
- Sebi likely to allow mutual funds to trade in commodity derivatives in 6 months
- Russian foreign ministry ‘working behind scenes’ to resolve North Korea crisis
- BHU violence: Uttar Pradesh government orders judicial inquiry into violence
- News in Numbers: SBI minimum account balance lowered to Rs3000