Overview

• Manufacturers, packers and importers can update MRPs on pre‑GST‑change stock via stickers or stamping until 31 December 2025, with original prices visible and revisions limited to the exact tax change, and violations risk consumer protection penalties.
• CBIC chief Sanjay Kumar Agarwal urged tax officers to actively guide businesses through the shift, as the Council’s package includes faster refunds, GSTAT operationalisation and a simplified optional registration scheme for low‑risk firms starting November 1.
• Auto dealerships report working‑capital strain from cess already paid on pre‑announcement inventory and estimate losses of about ₹2,500 crore, with an inter‑ministerial meeting held to discuss transitional remedies and dealers slowing fresh billing.
• FMCG leaders say companies will pass on tax cuts to shoppers, though shelf prices may take four to five weeks to reflect changes because the sector operates under the MRP regime.
• GST 2.0 takes effect on September 22 with two primary slabs of 5% and 18% and a 40% rate for select sin and ultra‑luxury goods, while tobacco products retain 28% plus compensation cess until December 31.