What you need to know about price stickers after GST ruling.

1. What you need to know about price stickers after GST ruling. After the implementation of GST on goods and commodities of all kinds, it was compulsory for businesses to incorporate GST prices on pre-packaged goods. But recently GST rates were reduced on some products in June 2018. The controller of GST has issued a permit to use price stickers for indicating the revised retail sale price of pre-packaged commodities after the GST rate changes with effect from 27th July 2018. These stickers are permitted to ensure that the advantages of reduction in GST rates reach the consumers. Revised MRP Disclosure The revised MRP must be declared by putting a sticker or by way of stamping or online printing. The original MRP must be displayed to show the comparison and reduction. Companies must also advertise the price change to notify the dealers and other stakeholders. The Legal Metrology Department relaxed the revised MRP printing directly on the packaging by permitting the disclosure of new price through stickers after the cut in GST rates. READ MORE CONTACT US:- Website: https://www.legalmetrology.in/ Phone: 011-41729056/57