Government Directs MRP Revision for Consumer Transparency

The government has instructed manufacturers to adjust MRPs on unsold stocks to align with revised GST rates effective from September 22. Changes must strictly reflect GST adjustments, with the new and old prices clearly displayed. This move aims to enhance transparency and safeguard consumer rights.

The government has mandated a revision of the maximum retail prices (MRP) on unsold goods following a change in Goods and Services Tax (GST) rates, effective from September 22.

Union Food and Consumer Affairs Minister Pralhad Joshi announced that manufacturers, packers, and importers have until December 31, 2025, to update the MRPs, provided the stock remains unsold. These changes must strictly reflect only the GST alterations.

New prices should be displayed alongside the old ones using stickers, stamps, or online prints. The initiative seeks to ensure transparency and protect consumer interests, with companies required to notify consumers through advertisements and public notices.

(With inputs from agencies.)