Revise MRP for GST Change: Union Min Joshi

By By Rediff Money Desk, New Delhi
Sep 09, 2025 16:26
Companies must revise MRP on unsold stocks to reflect GST rate changes by Dec 31, 2025. Transparency & consumer protection ensured.
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.
Source: PTI
Read More On:
mrp revisiongst rate changeunsold stockpralhad joshiconsumer affairs
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Capital Markets to Overtake Bank Credit: Kotak AMC

Kotak Mahindra AMC chief Nilesh Shah predicts capital markets will surpass bank credit....

Nephrocare Health Services IPO: Rs 260 Cr from...

Nephrocare Health Services (NephroPlus) garners Rs 260 cr from anchor investors ahead...

Park Medi IPO: Rs 276 Cr from Anchor Investors

Park Medi World raises Rs 276 cr from anchor investors ahead of its Rs 920 cr IPO. IPO...

India Aims for 6G Patent Leadership: Scindia

India is confidently progressing to become a major force in global 6G patents and...

Tehri PSP Unit Commences Commercial Power Supply

Manohar Lal starts commercial power supply from Tehri pumped storage plant's 250 MW...

GQG Partners Sells JSW Energy Shares for Rs 676 Cr

GQG Partners sold JSW Energy shares for Rs 676 crore in an open market deal. Stake...

Intel Supports India Semiconductor Mission: CEO

Intel CEO Lip-Bu Tan commits to supporting India Semiconductor Mission after meeting PM...

India, EU to Speed Up FTA Talks

India and EU agree to intensify efforts for early conclusion of Free Trade Agreement...

CCI Approves Curefit Healthcare Restructuring

The Competition Commission of India (CCI) approves the restructuring deal involving...

Jharkhand Passes Supplementary Budget, Blames...

Jharkhand assembly passes Rs 7,721-cr supplementary budget for 2025-26. FM blames...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com