{"id":36325,"date":"2018-11-02T12:11:14","date_gmt":"2018-11-02T06:41:14","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=36325"},"modified":"2018-11-02T12:11:14","modified_gmt":"2018-11-02T06:41:14","slug":"display-new-gst-price-on-products","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/display-new-gst-price-on-products\/","title":{"rendered":"\u2018Display new GST price on products\u2019:\u00a0"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.thehindu.com\/business\/display-new-gst-price-on-products\/article19210599.ece\">\u2018Display new GST price on products\u2019<\/a>:\u00a0<\/strong><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">GST implementation resulted in some price changes. Prices of some items have gone up while the prices of others have gone down. How the price change is being displayed is a matter of discussion<\/span><\/li>\n<\/ul>\n<p><b>The Pricing Process<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Those products whose tax burden has increased after the launch of GST, the price of such products can be increased as long as manufacturers advertise the raise in a local newspaper.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">They will also have to put a sticker with the new price on the product.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">In case the price has to be lowered manufacturers will have to paste the sticker but will not have to \u00a0\u00a0\u00a0place any advertisements in the local newspaper.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">The provision to use goods manufactured before July 1 is extended for three months<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">The government has granted relaxation till 30.9.17 to industry under Packaged Commodities Rules to write new MRP on items of reduced prices due to GST<\/span><\/li>\n<\/ul>\n<p><b>Why the Concern over Price Display<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0<\/span><span style=\"font-weight: 400;\">These rules for price rise\/fall and corresponding advertisements in paper and sticker showing the new price has been issued, so that the benefits of decreased prices, by reduction of tax after imposition of GST, should reach the consumers.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Display new GST price on products\u2019:\u00a0 Context GST implementation resulted in some price changes. Prices of some items have gone up while the prices of others have gone down. How the price change is being displayed is a matter of discussion The Pricing Process Those products whose tax burden has increased after the launch of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/display-new-gst-price-on-products\/\">Continue reading <span class=\"screen-reader-text\">\u2018Display new GST price on products\u2019:\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-36325","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704646568},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=36325"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36325\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=36325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=36325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=36325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}