FMCG cos may be allowed to use price stickers

Fast-moving consumer goods (FMCG) companies may be allowed to use stickers to change the price in order to pass the lower goods and services tax (GST) rates to consumers post September 22, according to sources.

- Sharleen D'Souza

A government official said there is no harm in companies using stickers in the interim to pass on the benefit of lower tax rates to the consumer.

A notification on this is expected from the government in the next few days. However, this will be allowed only in the interim till companies manage to introduce the new prices in the market.

In 2017, when the GST regime was introduced, the government had allowed companies to offer the new prices with stickers due to the change in tax rates for a few months. This was till they aligned their pricing and pack size with the new rates.

FMCG executives said they are waiting for the roadmap from the government on the transition.