In the wake of GST, the Centre has issued an order for stamping, putting sticker or online printing on pre-packaged commodities for declaring the revised retail sale price (MRP) on the unsold stock. Many business entities have reduced the prices of their goods and services in view of lower GST rates under the GST regime. The ministry has already issued an advertisement in newspapers regarding MRP aspects and the final price to protect consumer interests. It is also doing the outdoor publicity through creatives on MRP after implementation of GST. Also Read :Retailers, consumer goods cos may unlock $2.95 turn in 10 yrsMGNREGA compensation delayed by Centre or states in around 50%Also Watch : Service charge in restaurants is optional now : Government

Source: India Today August 04, 2017 15:11 UTC