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Businessmen to go to Jail if New Rates Not Printed

The government has warned manufacturers that non-compliance of printing the revised price on unsold and new products will attract a maximum fine of Rs. 1,00,000 penalty and jail term for 1 year.

This move mandates manufacturers to act soon to get the new rates enforced at all levels, as soon as possible.



Source: http://www.business-standard.com/article/economy-policy/gst-impact-cos-face-jail-term-for-not-reprinting-revised-mrp-on-inventory-117070700552_1.html

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GST - Recent Updates

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