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MRP STICKERS
KSH Integrated Logistics announces launch of its first warehouse in Eastern IndiaThe warehouse provides value-added services and uses electric vehicles for last-mile delivery. Advanced systems ensure real-time inventory ...- White goods companies not passing on GST benefits come under lensAs per complaint, some cos haven’t reduced prices of their products to reflect the cut in GST to 18% from 28%.
- Use stickers to show revised MRP on old stocks: Government“This order is applicable only for goods which have seen a downward revision in their prices after new GST rates were announced last week,”...
- GST rate cut: Companies will have to show new rates on old stock alsoThe GST Council had cut tax rates on a host of white goods to 18% from 28% and exempted sanitary napkins from any tax. Both, the centre and...
- Government extends sale of pre-GST goods with stickers of revised price till July 31After implementing GST from July 1, 2017, the government had allowed use of stickers with revised rates, alongside the printed MRP for pre-...
- No extension for sale of pre-GST stock with revised MRP stickers: Ram Vilas Paswan"Retailers will display only one MRP after 31st March. We are not in favour of providing an extension of deadline for MRP stickering," Pasw...
- Government extends deadline for selling pre-gst stock with revised MRP till March 31, 2018In light of the new revision after the last GST council meeting, the deadline for pasting new stickers on packaged products was extended by...
- Govt may allow pre-GST stocks to have revised MRP stickers till MarchWhen the GST was implemented on July 1, the government had allowed marketers to display details of the revised MRP on pre-GST stocks.
- Stickers on existing stock must show GST cut: Govt to FMCGsThe govt has allowed the new MRP to be printed on stickers following the cut in GST, relaxing the rule that it has to be printed directly o...
- Pass on rate cut benefits immediately, companies tell tradersPacks with lower price tags will take 2-4 weeks to reach stores, but top FMCG cos want trade channels to effect GST rate revision immediate...
- Government allows companies to paste new MRP stickers till DecemberTo ensure GST cuts are passed on to consumers, Paswan had recently directed state legal metrology officers to check if companies are pastin...
- Buying groceries? Make sure to check GST 'discounts'Companies have asked traders to pass on tax cuts immediately, without waiting for revised MRP. The products are set to become cheaper after...
- FMCG companies want traders to pass on GST gainsThe changes will affect a large number of products that are already in stores or on their way there. Pasting stickers with revised prices c...
- Single brand retailers may not need to quote MRPTop European retailers had said the practice increases production cost -in Ikea's case, labelling costs per store could be as high as Rs 7-...
- Deadline for selling pre-GST goods extended to December 31Officials aware of the developments said that the department had been approached by several retailers, asking for an extension on the timel...
- CAIT asks government to allow sale of old stocks till MarchStocks as on June 30 having mandatory MRP labeling could be sold only up to Sept 30 by pasting new MRP stickers and from Oct 1.
- Government monitoring prices post GST, no supply disruptions yetGST unified 17 different levies including central excise, service tax and VAT and there were apprehensions of initial hiccups.
- Revised MRP being sternly monitored: Ram Vilas PaswanBN Dixit, director of legal metrology department, said, “Printed sticker of revised MRP is a must till September 30. Manufacturers will hav...
- GST: Penalty, including jail, for manufacturers for not reprinting revised MRP on unsold goodsThe move to enforce the direction was taken by the government after many consumers came forward with complaints of arbitrary taxes on MRP.
- GST: Changing price labels on stock operational & logistical challenge, say consumer companiesFMCG cos have decided to keep prices intact for old stock even in cases where tax incidence has increased under the GST regime and will cha...
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