NEW DELHI: On Friday,the government told companies that they must print the revised MRP (maximum retail price) of goods they manufacture or face punishment, including a year in prison and a fine of up to Rs.1 lakh.
This is the latest effort by the government to ensure compliance by manufacturers and retailers with the new Goods and Services Tax (GST) amid complaints from consumers of overcharging and arbitrary tax rates.
“We have told companies to reprint revised rates on unsold goods. Stickers of new MRP should be pasted so that consumers are aware of the change in rates after GST,” consumer affairs minister, Ram Vilas Paswan, told reporters.
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