FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules, 2011 for facilitation of implementation of GST dated 12-07-2017
General FAQ on GST – GST Frequently Asked Questions (FAQs)
GST
Q. 1 What is MRP?
Ans. MRP is the maximum retail sale price inclusive of all taxes.
Q. 2 Whether GST is included in MRP?
Ans. Yes. The MRP on a pre-packaged commodity is inclusive of all taxes that can be levied from the consumer, including the GST.
Q. 3 Whether any retailer may charge GST over MRP?
Ans. No. GST is included in MRP and is not to be charged over MRP.
Q. 4 Is it allowed to revise the MRP if there is any price change after coming into force of the GST law?
Ans. With coming into force of the GST law, i
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have to issue two advertisements in one or more newspapers and intimate the Director Legal Metrology and Controllers of Legal Metrology in the states.
Q. 5 How new MRP will be calculated for the purposes of labeling?
Ans. New MRP of unsold stock manufacture/packed/imported prior to 1st July, 2017 should not be calculated mechanically but after factoring in and taking into consideration extra availability of input tax credit under GST [including deemed credit available to traders under provision to sub-section (3) of section 140 of the CGST Act, 2017].
Q. 6 How upward revision of prices can be displayed?
Ans. After declaration of the price by the manufacturer/Packer/Importer by complying with the procedure explained in answers
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e case may be or a Wholesaler/Retailer shall affix the sticker displaying reduced MRP as per the price fixed and communicated by the Manufacturer/Packer/Importer.
Q. 8 Does the order on MRP issued by the department of Consumer Affairs apply to all the goods?
Ans. The order applies only to the goods sold in the pre-packaged form, excluding scheduled formulations and non-scheduled formulation covered under the drugs (price control) order. Commodities sold in loose condition are not covered under the said order.
Q. 9 What is the time limit for display of revision of MRP through stickers/stamps/online printing, on unsold stocks?
Ans. The time limit is 30th September, 2017 or till the stock remains unsold, whichever is earlier.
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