Government Allows Revision of MRP on Unsold Stock Amid GST Rate Changes
The Indian government has permitted manufacturers, packaging firms, and importers to revise the Maximum Retail Price (MRP) of unsold stock to reflect the recently announced GST reforms. The revision will be allowed until 31 December 2025 or till stocks last—whichever is earlier. Transparency in Price Revision Union Minister for Consumer Affairs, Food, and Public Distribution, Pralhad Joshi , clarified that the revised prices must reflect only GST changes . Importantly, the old MRP must remain visible on the packaging. Any increase or decrease in price should directly correspond to GST rate revisions, ensuring that companies do not exploit the reform to arbitrarily increase prices. This safeguard, Joshi stated, is aimed at transparency and protecting consumer interests . Guidelines for Implementation According to the Ministry of Consumer Affairs notice: The new MRP can be stamped, stuck, or printed on the packaging. Overwriting is not allowed ; the original MRP must re...