Govt. permits manufacturers
/ packers / importers of pre-packaged commodities to declare revised MRP on
unsold stock as on appointed date, in addition to existing MRP, upto December
31; Unexhausted packaging material / wrapper can also be used upto earlier of
said date or till such date same is exhausted after making corrections required
in MRP on account of implementation of GST; Declaration of changed MRP shall be
made by way of stamping / putting sticker / online printing after following
prescribed conditions; These conditions stipulate that – (a) MRP originally
printed on package and revised price shall not be higher than extent of
increase in tax on account of GST, (b) new MRP should be declared after
factoring in and taking into consideration extra availability of Input Tax
Credit (including deemed credit) under GST, (c) revised MRP shall not overwrite
original one, and (d) manufacturers / packers / importers must make atleast 2
advertisements in newspapers indicating change in price if not done earlier;
Also clarifies that for reducing MRP, a sticker with revised lower price
(inclusive of all taxes) may be affixed and same shall not cover MRP
declaration made by manufacturer / packer / importer on the label of package :
Dept. of Consumer Affairs Letter
Subscribe to:
Post Comments (Atom)
Draft Income-tax Rules, 2026 - Key changes and brief overview
The Central Board of Direct Taxes (‘CBDT’) has released the Draft Income-tax Rules, 2026, along with accompanying Draft Forms, to operatio...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
01. No change in Income Tax rates, surcharge & cess. 02. Income tax Act 2025 effective from April 1, 2026. 03. Old regime tax ...
-
The Central Board of Direct Taxes (CBDT) released the Draft Income Tax Rules, 2026 on February 7, 2026. It has invited suggestions and opi...
-
01. The present employer contribution is restricted to 12%. 02. In the proposal the 12% limit removed 03. It means employer contri...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
At first glance, DGFT Public Notice No. 42/2025-26 appears to be a mundane update—just three new fields to populate on the electronic ...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
In a recent and noteworthy ruling, the Hon’ble Delhi Income Tax Appellate Tribunal has provided important clarity on the scope of appellat...
-
In a significant ruling that provides relief to taxpayers and clarifies the scope of the Goods and Services Tax (GST) law, the Nagpur Benc...
-
COMMON ERRORS OF GST PORTAL. 1. Error Code- 404- No documents found Error Category / Form- Download File request Error Massage – ...
No comments:
Post a Comment