Manufacturers get government's nod to sell old stock with new MRP stamp till September

The government has given approval to manufacturers and retailers to sell their old stocks with the new price tag, along with the existing price on the package till September end.

Any increase in maximum retail price (MRP) due to GST on the older inventory will have to be advertised in two national papers, but there is no such requirement if the new MRP is lower, said a notification from the government.

GST, which was implemented this July, has several slabs and has led to decrease in prices of several commodities while raising prices of few others.

Meanwhile, the government has formed a Central monitoring committee of 16 secretaries who will meet every Tuesday to keep a tab on prices and supply.