GST benefits being passed or held by retailers/traders
https://www.localcircles.com/a/press/page/gst-rate-cut-benefits
LC Manager, your circle survey has been published in Dainik Bhaskar as well as Hindu and it rightly questions the need for brands to ensure retailers give discount till the time new MRP product reaches shelves.
This could be 3-6 months. Meanwhile if consumer doesnt get lower price, GST wont be able to drive spending up.
Is the Government planning any surveillance or enforcement??? more
LC Manager, your circle survey has been published in Dainik Bhaskar as well as Hindu and it rightly questions the need for brands to ensure retailers give discount till the time new MRP product reaches shelves.
This could be 3-6 months. Meanwhile if consumer doesnt get lower price, GST wont be able to drive spending up.
Is the Government planning any surveillance or enforcement??? more
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As per the Shopkeepers, till the old stock exists, GST benefit will not be given. Once the new stock arrives, then only the benefits will be passed on to the consumer. How long it may take is the guesswork? more
Sep 30
All packaged products with MRP earlier to GST revision should affix revised MRP effective GST revision. The revised MRP to be very clear for consumer to know the rate difference. This practice is permissible till Decemver 31,st or till the printed packaging material with old MRP. THE MANUFACTURER, supplier and/ or the marketing firm should notify the metallurgical department and copy of confirmation obtained from the authority to be displayed at selling shop. more
Sep 24
This is a good point Amit. Whats most ridiculous is no business paper is questioning the brands. Media has lost its spine. They have become PT agencies of brands more
Sep 21
