Products should have post GST price tags, says government
The government has issued a warning to manufacturers about printing the new price on products after the GST came into effect.
The manufacturers will face strict penalty, including jail term if they do not print the post GST price on their products.
The fine for such errors could go up to a maximum of 1 lakh rupees and the jail term of up to one year.
The government has made the announcement after it was found that companies are overcharging customers.
The companies have to reprint new rates on unsold goods and put stickers of new MRP so that consumers are aware of the change in rates after GST.