Due to the recent decision of imposing 5% Goods and Service Taxes on pre-packaged commodities, the Weights and Measures Unit of the Department of Consumer Affairs, under the authorisation of the Ministry of Consumer Affairs, Food and Public Distribution, the Government of India issued a Letter on 1st August 2022 clarifying the Impact of GST on unsold stock of Pre-Packaged Commodities under the powers conferred by Rule 33 (1) of the Legal Metrology (Packaged Commodities) Rules 2011.
The Letter states that the producers, packagers, or importers are instructed to declare the revised MRP on unsold stock prior to 31st January 2023. The Department has addressed the Letter to the Controller of Legal Metrology, stating the declarations of the changed retail price (MRP) is to be stamped by applying a sticker on the online printed package along with complying with the following stated conditions – The difference amount between the original retail price and the revised price is not to be higher than the extent of the increase in the tax and to be in accordance with the GST Act and Rules.