Goods and services tax

Has the MRP clarity come a bit late for consumer goods firms?

“It warrants a mammoth exercise for manufacturers/packers/importers to rush to the print media for publishing changes in the price of a packaged commodity. The consumer may wonder how to verify the actual difference between the original tax and the increase due to GST; and subsequently the wherewithal for the authorities to cross-examine.”

Suresh Nandlal Rohira
Partner, Grant Thornton India LLP

This article appeared in The Hindu Business Line on 6th July, 2017.