GST - Unsold stocks with MRP - Permission to display Revised MRP extended upto Dec 31, 2017
By TIOL News Service
NEW DELHI, SEPT 30, 2017: AFTER the implementation of the GST the Union Govt had allowed the industry to declare the new MRP along with the existing MRP for three months. And since this period will be over today but the manufacturers or packers or importers continue to hold some unsold stocks, the Government has decided to allow further extension of the permission upto December 31, 2017.
The Union Minister for Consumer Affairs, Mr Ram Vilas Paswan, said that since the Govt had received representations in this regard, the Govt has extended the mandate given to display the Revised MRP after the GST by way of stamping or putting sticker alongside the printed MRP.
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