GST regime: New MRP rules released, defaulting manufacturers to be fined

Govt has given 3 months time to reprint revised MRPs under the Packaged Commodities: Paswan tweeted

The government on Tuesday warned that legal action will be initiated against manufacturers for not printing the revised MRP post rollout of the GST.

Food and Consumer Affairs Minister Ram Vilas Paswan said the government has given three months time till September to reprint the revised maximum retail price (MRP) with the implementation of the landmark Goods and Services Tax (GST).

In a series of tweets, Paswan said that prices of some commodities have fallen, while some have increased with the implementation of GST.

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"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.

GST, launched at midnight of June 30, has subsumed all value added tax (VAT) and Octroi.

Related Article: GST Rollout: 3,500 Helpdesks, 8,000 Tax Consultants Emerge In Just 5 Days

In the last 72 hours, Abhishek Chugh, a 30-year-old accountant has been a friend, philosopher and guide to more than 250 anxious retailers, traders, shopkeepers, who approached the GST helpdesk in Chandni Chowk in New Delhi. The biggest indirect tax reform — the goods and services tax (GST) — was rolled out on July 1. Some worried about their fate of business even broke down, leaving Chugh a little awkward while he tried hard to convince them that things were not as bad as they seemed.

"On Monday, two small-time shopkeepers broke down. They said that they do not have the money to buy computers, nor do they know how to use them. I explained that they do not need to buy computers and it is not that capital-intensive," he said.

Chugh is not the only one out there guiding people through the tax maze. According to various industry bodies, more than 3,500 GST helpdesks, 8,000 tax consultants, 100 helplines have all come up in the last five days.

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