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Centre Orders MRP Revisions on Unsold Stock to Reflect GST Cuts

Companies must display corrected prices on existing packs by December 31 to pass tax reductions to consumers.

Overview

  • The Ministry of Food and Consumer Affairs directed manufacturers, importers and packers to align MRPs on unsold inventory with the revised GST rates.
  • Price revisions are allowed until December 31, 2025 or until stocks are cleared, while the new GST slabs take effect on September 22.
  • Any change in MRP on existing stock must match only the quantum of the GST adjustment, blocking unrelated price alterations.
  • Revised MRPs must be displayed using stickers, stamps or online printing, and the original printed price must remain visible.
  • Companies must publish at least two newspaper notices and notify dealers and state and central officials, and they may use existing packaging if MRPs are corrected.