Department of Consumer affairs vide its letter dated 01.08.2022 clarified on the Impact of GST on unsold stock of Pre-Packaged Commodities under Legal Metrology (Packaged Commodities) Rules 2022

1. Permitted to declare revised MRP on unsold stock upto 31.01.2023.
2. Difference between MRP and revised MRP should be in excess to increase in Tax.
3. MRP and revised MRP both slould be displayed on the PDP.
4. Change in MRP shall be advertised

TAX CONCEPT

Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.

Leave a comment

Reply