Get Ready for New GST Rates! Here’s What You Need to Know
Thank you for reading this post, don't forget to subscribe!Starting September 22, the way you shop in India is about to change. The government has rolled out new GST rates, and while this is great news for your wallet, it also means you need to be a more careful shopper.
The Department of Consumer Affairs has introduced a new, simplified process for businesses to implement these changes. However, this could lead to some confusion in local shops, so it’s up to you to stay vigilant.
What’s the catch?
Under the new rules, manufacturers and importers can now put a new, revised price sticker on products that were made before September 22. This new price will reflect the lower GST rate. The old MRP will still be visible on the original packaging.
This means you could see products with two different prices. For example, a pack of biscuits that used to be ₹50 may now have a sticker showing a new price of ₹48.
If a shopkeeper isn’t aware of the change, they might still charge you the old, higher price.
Why is this happening?
Previously, companies had to advertise these price changes in newspapers, but that rule has been scrapped. Now, they only need to share updated price lists with dealers and retailers.
This makes it easier for businesses, but it puts the responsibility on you, the consumer, to double-check the prices. Old packaging can be used until March 31, 2026, and prices can be corrected with a simple sticker or stamp.
The Bottom Line:
The new GST rates are a benefit to you, but you have to be proactive to receive it. Always check the MRP on the package and the final price on your bill, especially at smaller stores. Your attention to detail will ensure that the savings from the GST cut end up in your pocket.
