FMCG firms may shift to new GST regime without changing current price tag

The govt could allow discounts to be reflected in the invoice during the transition

In what could be a relief for fast-moving consumer goods (FMCG) companies, the government may not insist on stickers to exhibit the new prices during the transition to the new goods and services tax rate (GST). The new GST rates are applicable from September 22. 

According to sources in the know, the government is unlikely to make new price tags mandatory for goods in the inventory till FMCG companies manage to get new packs into the market.  

On September 9, the Centre permitted manufacturers, packers, and importers of pre-packaged commodities to revise the maximum retail price (MRP) of unsold stock