Items which have been manufactured before the roll out of GST and are lying unsold, will now have stickers on them which will mention their revised rates, alongside the already printed Maximum Retail Price (MRP), the consumer affairs ministry issued the order. This directive will be in effect till September 30.
“The revised MRP shall be displayed by stamping, putting a sticker or online printing,” the circular issued to the state governments said. It also stated that the packaging materials that have not been put to use till now, can be used till September 30.
The circular stated that manufacturers, packers or importers are required to publish at least two advertisements in newspapers for items whose price has to be modified for the unsold stocks.
The printed price will include the revised GST rates, after the September deadline and so there will be no further need of putting an additional sticker.
The ministry issued the circular on Tuesday after taking into cognizance large stocks of unsold inventories lying with the manufacturers, wholesalers and retailers.
“There is either decrease or increase in the price of these items because of GST. Consumers must know how much less or more they are paying for each of these items. It’s mandatory for all packaged items to mention the MRP,” consumer affairs minister Ram Vilas Paswan was quoted as saying.
The circular said that the original MRP shall continue to be displayed on the commodity and the revised price shall not overwrite it.