Revised GST rates from September 22: Why consumers must double-check MRPs

PTC Web Desk: Starting September 22, new Goods and Services Tax (GST) rates will come into force across India, promising relief to consumers. However, the transition may also lead to confusion at retail outlets, especially when it comes to packaged goods.

According to the Department of Consumer Affairs, companies have been given flexibility in implementing the revised prices. Manufacturers, packers, and importers are allowed to affix new price labels on existing stock produced before September 22. This means certain products could carry two MRPs—the old one printed before the tax revision and the new one reflecting reduced GST.

For example, a pack of biscuits priced earlier at Rs 50 may now display a revised price of Rs 48. But if a retailer overlooks the updated label, a customer might still be charged the higher price. This makes it important for shoppers to carefully verify MRPs before making payments.

To ease compliance, the government has withdrawn the earlier requirement of publishing revised MRPs in two newspapers. Instead, companies now need to provide updated price lists to dealers and retailers, while also submitting copies to legal metrology authorities.

Another key relaxation allows businesses to continue using old packaging until March 31, 2026, or until existing stocks are exhausted. Price corrections on such products can be made through stickers, stamps, or digital printing methods.

In short, while the new GST rates are set to lower consumer spending, the onus lies on buyers to remain vigilant. By checking both the printed MRP and the billing amount—particularly at smaller shops—consumers can ensure the benefit of the tax cut reaches their pockets.