Govt Directs Manufacturers to Revise MRP on Unsold Stock as GST Rates Change
The directive comes as the government has reduced GST on various products and services, which will come into effect from September 22
New Delhi: After the implementation of new GST slabs — 5 per cent and 18 per cent scheduled to be rolled out from September 22, the government has asked manufacturers to revise the maximum retail price (MRP) on unsold stocks in line with the change in GST rates. The Union minister Pralhad Joshi on Tuesday said that the revised prices must reflect GST changes only.
“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, adding that the new MRP should be shown with a sticker/stamp/online print and the old MRP must remain visible.
The minister also directed companies to inform consumers through ads and public notices. “Any increase or decrease in price can only match the tax change. This measure ensures transparency and protects consumer interests,” he added.