New MRP – OnlineTaxUpdate

GST rate-cuts: Increasing quantity of product while charging same MRP will defeat purpose, says Delhi High Court

byAdmin01/10/202501/10/2025

The Delhi High Court has said that whenever the GST Council reduces the tax rates on a product, the ultimate benefit must flow directly to consumers through a corresponding reduction in the product’s price.

GST in Media Media

FinMin asks CGST field offices to submit comparative MRP change data post Sep 22

byAdmin13/09/202513/09/2025

The finance ministry has asked Central GST field officers to submit monthly report of price change in 54 commonly use items, like butter, thermometer and toys, after the new lower GST rates are implemented from September 22.

GST in Media Media

GST 2.0. Centre permits firms to use stickers, stamping for revised MRP on unsold stock, use old packaging

byAdmin11/09/202511/09/2025

In a major relief for the industry, the Centre has allowed consumer products companies to revise MRP of unsold stocks in line with new GST rates using stamping, stickers and online printing.