Skip to main content

REVISED MRP CAN BE DISPLAYED

AS WE ALL KNOWS GST WAS IMPLEMENTED W.E.F. 1ST DAY JULY, 2017. IN SOME OF THE CASES RETAIL SALE PRICE OF A PRE-PRACKED COMMODITY IS REQUIRED TO BE CHANGED. FOR THIS PURPOSE HON'BLE MINISTER FOR CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION HAD ALLOWED THE MANUFACTURERS OR PACKERS OR IMPORTERS OF PRE-PACKAGED COMMODITIES TO DECLARE REVISED RETAIL SALE PRICE (MRP) IN ADDITION TO THE EXISTING RETAIL SALE PRICE (MRP), FOR 3 MONTH STARTING FROM 01 DAY OF JULY, 2017.

DECLARATION REGARDING CHANGED MRP WILL BE ALLOWED BY WAY OF STAMPING, PUTTING STICKER, ONLINE PRINTING, AS THE CASE MAY BE.

IT HAS BEEN ALLOWED FOR USE OF UNEXHAUSTED PACKING MATERIAL/WRAPPER UPTO 30TH DAY OF SEPTEMBER, 2017 AFTER MAKING THE NECESSARY CORRECTIONS.

SO WE CAN USE THE REVISED MRP UPTO 31ST DECEMBER, 2017
Labels:

Comments

Post a Comment

Popular posts from this blog

Finance Bill 2017 Proposed a New Section - 234F regarding Fee for delay in filing of Income Tax Return

In view of the non-intrusive information-driven approach for improving tax compliance and effective utilization of information in tax administration, it is important that the returns are filed within the due dates specified in section 139(1). Further, the reduced time limits proposed for making of assessment are also based on pre-requisite that returns are filed on time. In order to ensure that return is filed within due date, it is proposed to insert a new section 234F in the Act to provide that a fee for delay in furnishing of return shall be levied from the assessment year 2018-19 and onwards in a case where the return is not filed within the due dates specified for filing of return under sub-section (1) of section 139. The proposed fee structure is as follows:—      i.           i. A fee of Rs. 5000 shall be payable, if the return is furnished after the due date but on or before the 31 December of the assessment y...
Post a Comment
Read more

Dematerialization of Securities by Unlisted Company

 Gone are the days of Physical Securities! ( By CS Mallika Tayal)   Dematerialization of Securities: (Section 29 of the Companies   Act, 2013) In order to enhance transparency in ownership at  C orporates, curb benami transactions and to make the framework free from loopholes Ministry is coming up with many drives these days through different initiatives, may it be striking off of companies under section 248(1) and (2), disqualification of directors under section 164(2)(a) or the latest KYC updates of Directors. What is the Concept of Dematerialization? Dematerialization, or demat, in a very simple language involves conversion of the physical stocks into electronic form. Scope of Dematerialization: Till now, Dematerialization of Shares was a mandatory requirement for a listed entity to have its entire promoter shareholding and non-promoter shareholding in demat form but after...
Post a Comment
Read more

"Guidelines and Steps to Navigate Company Strike-Off by Registrar of Companies in India"

If a company has been struck off by the Registrar of Companies (RoC) in India, it means that the company is no longer active and has been deregistered. This can happen due to various reasons, including non-compliance with statutory requirements, failure to file annual returns, or other legal issues. If your company has been struck off, it's essential to understand the implications and take appropriate actions. Here are some steps you can consider: Verify the Strike Off: The first step is to verify the strike-off status of your company. Check the official website of the Ministry of Corporate Affairs (MCA) or the RoC to confirm the company's current status. This will help you ascertain the accuracy of the information and the reason for the strike off. Understand the Reason: Identify the reason behind the strike off, as it could be due to non-compliance, failure to file necessary documents or other legal violations. Understanding the reason will help you determine the appropriat...
Post a Comment
Read more