The Retailers Association of India (RAI) welcomes the GST 2.0 reforms introduced by the Ministry of Consumer Affairs. RAI expresses its gratitude to the Department of Legal Metrology for issuing the notification that allows manufacturers, packers, and importers to declare revised Maximum Retail Prices (MRPs) on unsold stock following changes in the GST rate structure.

This progressive step ensures that the benefits of reduced GST rates are passed on to consumers swiftly and transparently.

The reform is expected to:

               •             Lower consumer prices

               •             Stimulate demand and consumption

               •             Support overall retail sector growth

RAI believes that such measures will play a crucial role in strengthening consumer confidence, enhancing compliance, and fostering a healthier retail ecosystem in India.

About RAI:

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Retailers Association of India (RAI) serves as the unified voice of Indian retailers, working collaboratively with stakeholders to foster the growth of the modern retail industry. RAI actively engages with all levels of government to support employment, promote retail investments, enhance consumer choice, and strengthen industry competitiveness nationwide.

Visit:www.rai.net.in | Follow on Twitter: @rai_india

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