MRP must be valid in GST regime

Traders are saying there is no concept of MRP in the GST regime, where tax is levied on the transactional value of commodities. They are asking to be allowed to remove MRP stickers and sell the goods at the revised prices.

The Govt should ensure that there is no leniency whatso ever on mrp compliance post gst i.e. July 1.

All members of this very important circle please report by uploading pictures so the govt action follows. I hope it will. more  

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There are various groups, who wants to create mud water and to take benefit out of it. more  
We will know much more about results of GST in a month from now. Let us wait & watch. more  
You seem to be the Distributer / wholesaler. MRP is most arbitrary and adhoc. SC of Manuwadi Manhoos has left it to the Manufacturers to print any MRP they like it. They are even permitted to print two different MRPs on the same products for two loc in the same city (Hyd HC, Mineral water case). If the sticker price is less than MRP welcome. more  
GST may Affect Working Capital for Exporters Traders who are fully dependent on exports can claim refunds on the exports but will have to first obtain duty paid inputs. Replacing exemption with tax refunds will block a significant capital—Rs. 1,85,500 crores in a year, according to an estimate—for all manufactured goods exporters. The exporters will need separate refund applications for all SGST and CGST/IGST refunds and approval by various authorities will delay the whole process. This is a practice that has drawn criticism from exporters. Furthermore, what makes the refunds more unviable is the law that the interest rate for delayed payments by assesses is at 18% while for any delay by tax authorities it is mere 6%—which may lead to a loss to exporters. more  
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