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New Delhi, Sep 9 (PTI) The government has asked manufacturers to revise the maximum retail price (MRP) on unsold stocks in line with the change in GST rates.
The government has reduced GST on various products and services, which will come into effect from September 22.
"As per the new GST rates, manufacturers, packers, and importers can revise the MRP on unsold stock until 31st December 2025 (or until stock lasts)," Union Food and Consumer Affairs Minister Pralhad Joshi said in a social media post X.
He added that the revised prices must reflect GST changes only.
The new MRP should be shown with a sticker/stamp/online print. The old MRP must remain visible, the minister said.
"Any increase or decrease in price can only match the tax change," Joshi said.
He also directed companies to inform consumers through ads and public notices.
"This measure ensures transparency and protects consumer interests," he added. PTI MJH CS MJH SHW SHW
MRP revision to reflect GST rate change required, with sticker disclosure and consumer notice to ensure pricing transparency. Manufacturers, packers and importers must revise the maximum retail price (MRP) on unsold stock to reflect GST rate changes only; the new MRP must be shown by sticker, stamp or online print while the old MRP remains visible, and companies must notify consumers through advertisements and public notices to ensure transparency.Press 'Enter' after typing page number.