GST in MRP: Govt Likely to Make it Mandatory for Restaurants, Malls to Ensure Price Includes Taxes

New Delhi, October 31: A fresh order is likely to be rolled out by the government in the next month to make it mandatory for restaurants, malls and other shopping outlets to include goods and service tax (GST) in the maximum retail price (MRP). As per a report by Business Today, the recommendation has been made by the group of state finance ministers headed by the Assam Finance Minister Himanta Biswa Sharma. The GST Council will now meet on November 10 and the issue will then be taken up by Union Finance Minister Arun Jaitley.

As per reports, there have been several complaints by consumers that some retailers have been charging GST over and above the MRP of products. Customers are of the opinion that the government should make it very clear that MRP is the maximum price of a product to be sold in retail and charging anything above this is an offence. Reports state that after the GST roll out on July 1, many issues have surfaced that have impacted several businesses.

The government also eased the GST deadlines on Monday. The date for filing of July GSTR-2 has been extended by a month to November 30 and GSTR-3 to December 11. The original due date for filing GSTR-2 was October 31, while the last date for filing of GSTR-3, which is a matching form of GSTR-1 and 2, was November 11. The last date for filing of GSTR-1 for July was October 1.Over 46.54 lakh businesses had filed July GSTR-1 returns.