-The New Indian Express Based on the recommendation of the GST Council, the Centre has issued notifications bringing essential commodities including rice and maize under 5% GST slab from July 18. MADURAI: The decision of the Union government to levy 5% Goods and Services Tax (GST) on packaged food may increase the price of rice by a minimum of Rs 3 to Rs 5 per kg from Monday, Tamil Nadu rice mills...
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Govt to file review petition against SC order on MRP issue
-PTI SC had said that the government cannot enforce sale of mineral water on their MRPs in hotels and restaurants as the Standards of Weights and Measures Act, 1976 does not apply The government will file a review petition in the Supreme Court against an order allowing hotels and restaurants to charge higher price than the MRP on mineral water, Consumer Affiars Minister Ram Vilas Paswan said on Saturday. "In relation with the...
More »Print post-GST rates on items or go to jail, government warns traders
-The Times of India NEW DELHI: The government on Friday warned manufacturer, importer and sellers of pre-packaged goods of penalties ranging from fines of up to Rs 1 lakh or prison terms up to a year for repeat offence of not printing the post-GST rates on product labels. The consumer affairs ministry has come out with the new norm for affixing the revised maximum retail price (MRP) on the old stocks,...
More »Government warns of fine, jail term for selling water, cold drinks above MRP
-The Times of India NEW DELHI: Those selling bottled water and cold drinks at more than their maximum retail price, including at airports, restaurants and multiplexes, could attract penalty and jail terms, consumer affairs minister Ram Vilas Paswan said on Friday. Citing the common experience of consumers, the minister said packaged drinking water is often found selling at 10-20% higher rates at such locations and there are also cases where some of...
More »Government can now fix retail prices of essential commodities
-PTI This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets To check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extraordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. “We have...
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