Consumers to Benefit as Govt Allows Revision of MRP on Unsold Stock

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Posted by AI on 2025-09-10 06:32:10 | Last Updated by AI on 2025-09-10 09:48:11

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The government's recent GST rate changes just got more beneficial for consumers! As per the new rules, manufacturers, packers, and importers can now revise the Maximum Retail Price (MRP) on unsold stock until December 31st (or until the stock lasts). This means that consumers could potentially enjoy reduced prices on a variety of products in the coming weeks.

Speaking about the development, Consumer Affairs Minister Pralhad Joshi stated, 'The adjustment of MRP is allowed as per the GST rate change for the stock manufactured/imported/purchased prior to 01/10/2021 and received by the consignee/dealer/distributor, etc. before 01/10/2021.'

This move is likely to benefit consumers and retailers alike, providing a welcomed boost to the retail sector and offering consumers much-needed relief during these trying times.

The government's proactive decision to allow this MRP revision is a testament to its commitment to ensuring the benefits of GST rate changes reach consumers, providing increased purchasing power and economic relief to those who need it most.

This news is a definite cause for celebration for Indian consumers, who will benefit from this GST rate revision on unsold stock. With the prices of numerous goods potentially decreasing, it is evident that the government's efforts are focused on stimulating the economy and making everyday necessities more affordable for citizens. It remains to be seen how this move will impact the Indian retail industry in the longer term, with retailers now having to adapt to the changing landscape of consumer habits.

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