NEW DELHI, Sep 9: The government has directed manufacturers and importers to revise the maximum retail price (MRP) on unsold stock to reflect recent GST rate cuts, effective from September 22.
The revised MRP must be updated by December 31, 2025, or until existing stocks are exhausted, whichever comes first.
Union Food and Consumer Affairs Minister Pralhad Joshi emphasized that price changes should only correspond to the GST adjustment, with no additional increases or decreases.
The updated MRP should be displayed via stickers, stamps, or online prints, while keeping the original price visible. Manufacturers are also required to publish at least two advertisements about the price changes and notify dealers and government officials. Packaging materials used before the GST revision can continue to be used after updating the MRP accordingly.
These measures aim to ensure transparency and protect consumer interests amid the GST rate reductions on various products and services. (PTI)
