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GST impact: Consumer goods cos to petition govt against MRP sticker rules

GST impact: Consumer goods cos to petition govt against MRP sticker rules on Business Standard. Changing the maximum retail price tag may mean violation of norms

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GST impact: Consumer goods cos to petition govt against MRP sticker rules

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  1. GST impact: Consumer goods cos to petition govt against MRP sticker rules GST Impact : Consumer goods companies are likely to petition the government against the latest directive on affixing stickers to reflect the change in pricing under the GST The government notification, aimed at stocks lying with companies and distributors, requires companies to advertise in two newspapers about the old and new MRP, besides putting stickers on packages to reflect the change. Persons in the know told Business Standard that legal teams of the Confederation of Indian Industry (CII) and the Federation of

  2. GST in India 2017 Indian Chambers of Commerce and Industry (FICCI) were studying implications to the government. Companies producing consumer goods, handsets and appliances are worried affixing stickers may pit them against the metrology department of the government, which monitors the maximum retail price (MRP). “While a notification by the consumer affairs department says companies are to put stickers to reflect the change in pricing following the GST, we risk harassment from inspectors of the metrology department,” said the chief executive of a consumer goods company. Article Source by:Business Standard

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