After GST, Consumer Affairs Minister Ram Vilas Paswan alerted all the companies of fine up to 1 Lakh, including a jail term if new and revised prices are not printed on the unsold products. The manufacturers are allowed to sell their unsold stock by September but with new MRP.
A committee of the consumer affairs ministry has been set up to address consumer grievances on GST and even helplines have been increased to 60 from 14 to address tax-related queries, he said.
“There are initial hiccups while implementing GST, but all those will be resolved soon. All ministries concerned, including finance and consumer affairs, are alert and a redressal mechanism is in place to resolve the concerns of consumers and traders,” Paswan told.”We have told companies to reprint revised rates on unsold goods. Stickers of new MRP should be pasted so that consumers are aware of the change in rates after GST,” he added.
According to the reports, he also said “Non-compliance of this will attract a fine of Rs 25,000 for the first-time offence, Rs 50,000 for the second time and up to Rs 1 lakh penalty for third offence onwards and even imprisonment of up to one year. The new rates to be printed on the inventory should be communicated to the consumer affairs ministry and advertised for better awareness of consumers.”