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GST: Older products will need stickers indicating price changes

Manufacturers and retailers will have to add stickers to their products manufactured before July 1, quoting the difference in prices following the implementation of the Goods and Services Tax (GST).

“In the case of a price increase due to GST, manufacturers and retailers can sell goods manufactured before July 1 at the higher price, accompanied by two advertisements in the local newspaper about the price rise, and a sticker on the product with the higher price, while the old price is still visible,” said Consumer Affairs Secretary Avinash Srivastava.

“In the case of a price decrease due to GST, the ads are not required, but the sticker still is.”

Mr. Srivastava was briefing the media along with Revenue Secretary Hasmukh Adhia.

“GST implementation has been smooth and people have accepted it. All states except Jammu and Kashmir have notified the GST rules,” Mr. Adhia said.

Yesterday, the Cabinet Secretary met Secretaries of 15 departments to assess the GST implementation.

From Wednesday, 175 officers at the level of Joint Secretary and Additional Secretary will be assigned 4-5 districts that they will have to monitor to ensure effective and smooth rollout of GST.

They will have to report to the Cabinet Secretary.

Traders opting for the composition scheme, or those falling below the GST threshold, need not provide the tax breakup in the bills they would give to customers as the government is already collecting tax from the wholesalers.

The government will be holding a GST masterclass for six days on Doordarshan, from 4.30-5.30 PM. It will also be on the web.

“The masterclass will start on Thursday,” said Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna.

For the first three days it will be in Hindi and next three it will be in English.

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