The government has extended the deadline for sale of pre-GST stocks with stickers of revised maximum retail price (MRP) till March 31, 2018, Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan has said.
“In the last GST council meeting, GST rates were revised for about 200 items. For pre-gst stock, we have allowed pasting of stickers with revised MRP till March 31, 2018,” Paswan told reporters here on Saturday.
ET had reported on December 13 that the department of consumer affairs was expected to extend the deadline for selling pre-GST stock with revised MRP from December 31 this year to March 31, 2018.
When the goods and service tax (GST) was implemented on July 1, the government had allowed marketers to display details of the revised MRP on pre-GST stocks by way of stamping, putting sticker, or online printing.
The department of consumer affairs has been receiving requests from the industry to extend the deadline so it is easier to liquidate pre-GST stocks.
“It is also a matter of awareness for consumers, so they can be aware of price reduction after GST,” said a senior government official.
Paswan had earlier warned that manufacturers who will not display revised MRP of pre packaged commodities, will face strict action.