GST on Pre-packaged Commodities: Dept of Consumer Affairs mandates Display of Increased MRP

 Department of Consumer affairs vide its letter dated 01.08.2022 clarified on the Impact of GST on unsold stock of Pre-Packaged Commodities under Legal Metrology (Packaged Commodities) Rules 2022

1. Permitted to declare revised MRP on unsold stock upto 31.01.2023.

2. Difference between MRP and revised MRP should be in excess to increase in Tax.

3. MRP and revised MRP both should be displayed on the PDP.

4. Change in MRP shall be advertised.

You can refer the detailed notification under below link 👇

https://drive.google.com/file/d/1JV0zb2fuYZrHdZzOt0zCegX8Z4az-mbU/view?usp=drivesdk



Comments

Post a Comment

Popular posts from this blog

My CA Journey summary

  Chartered Accountancy (CA)  is one of the most popular   professional courses . It is one of the Toughest courses in the world. It requires an integration of intelligence, hard work , Patience, Determination and continuous dedication with non-stop efforts.  Many aspirants relinquish this challenging journey and replace their dreams with  some other career options . My CA journey mentioned  below in  short summary: If I can become a Chartered Accountant anyone CAN. I Came from a village background with Telugu medium upto graduation. After graduating, I was confused as to what I should do. My Big Brother wanted me to pursue CA so that I have a degree, which would help me get a basic job and the required financial support in the future. That is when I decided to study further and become a Chartered Accountant. Initial period of my CA journey I was faced with a little bit of a medium issue, however I was able to clear the 1st 2 stages of CA early by spen...
Read more

SAP T codes

01.03.2023  SAP T-codes SAP FICO -Knowledge and Experience Sharing. Lets have Quick look into T codes and Table codes . SE16 provides real-time data access to various SAP tables, including: 1. ACDOCA (Universal Journal Entry Table) 2. BKPF (Accounting Document Header) 3. BSEG (Accounting Document Segment) 4. SKA1 (G/L Account Master) 5. LFA1 (Vendor Master) 6. KNA1 (Customer Master)  T-codes and table codes for Master Data and key tables in SAP: Vendor Master Data: T-codes: 1. XK01 - Create Vendor (Centrally) 2. XK02 - Change Vendor (Centrally) 3. XK03 - Display Vendor (Centrally) 4. FK01 - Create Vendor (Purchasing) 5. FK02 - Change Vendor (Purchasing) 6. FK03 - Display Vendor (Purchasing) Tables: 1. LFA1 - Vendor Master (General Data) 2. LFB1 - Vendor Master (Company Code Data) 3. LFB5 - Vendor Master (Purchasing Data) 4. LFM1 - Vendor Master (Material Data) Customer Master Data: T-codes: 1. XD01 - Create Customer (Centrally) 2. XD02 - Change Customer (Centrally) 3. XD03 - D...
Read more

Accounts Receivable Fundamentals

Comprehensive guide to prepare for an Accounts Receivable (AR) interview: Accounts Receivable Fundamentals 1. Definition: Accounts Receivable represents amounts owed to a company by its customers. 2. Objective: Efficiently manage customer payments and minimize bad debt. 3. Key Components: Invoice Generation, Payment Processing, Credit Management and Collections. Accounts Receivable Process 1. Invoice Generation: Accurately generating invoices. 2. Payment Processing: Collecting and processing customer payments. 3. Credit Management: Evaluating customer creditworthiness. 4. Collections: Managing overdue accounts. 5. Reconciliation: Verifying account balances. Key Accounts Receivable Concepts 1. Credit Policy: Establishing credit terms. 2. Payment Terms: Defining payment schedules. 3. Accounts Receivable Turnover: Measuring AR efficiency. 4. Days Sales Outstanding (DSO): Average days to collect payments. 5. Bad Debt Expense: Accounting for uncollectible amounts. Accounts Receivable Best P...
Read more