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?
\nAns. MRP is the maximum retail sale price inclusive of all taxes.
\nQ. 2 Whether GST is included in MRP?
\nAns. Yes. The MRP on a pre-packaged commodity is inclusive of all taxes that can be levied from the consumer, including the GST.
\nQ. 3 Whether any retailer may charge GST over MRP?
\nAns. No. GST is included in MRP and is not to be charged over MRP.
\nQ. 4 Is it allowed to revise the MRP if there is any price change after coming into force of the GST law?
\nAns. With coming into force of the GST law, i<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n have to issue two advertisements in one or more newspapers and intimate the Director Legal Metrology and Controllers of Legal Metrology in the states. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules, 2011 for facilitation of implementation of GST dated 12-07-2017General FAQ on GST – GST Frequently Asked Questions (FAQs)GSTQ. 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 … Continue reading “FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules, 2011 for facilitation of implementation of GST dated 12-07-2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15932","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15932"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15932\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nQ. 5 How new MRP will be calculated for the purposes of labeling?
\nAns. 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].
\nQ. 6 How upward revision of prices can be displayed?
\nAns. After declaration of the price by the manufacturer\/Packer\/Importer by complying with the procedure explained in answers <\/p>\n
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\nQ. 8 Does the order on MRP issued by the department of Consumer Affairs apply to all the goods?
\nAns. 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.
\nQ. 9 What is the time limit for display of revision of MRP through stickers\/stamps\/online printing, on unsold stocks?
\nAns. The time limit is 30th September, 2017 or till the stock remains unsold, whichever is earlier.
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