Quick Summary
Even three days after the recent GST rate cut came into effect, many retailers across the city are yet to pass on the benefits to consumers. The worst-affected are grocery buyers purchasing essentials like bread, cooking oil and paneer, along with medicines and stationery items that were shifted to lower or nil tax slabs. Essential Items Still Sold at Old Prices For instance, a 100% whole wheat bread priced at ₹50 should now be sold at Rs 47.50 after being moved from the 5% slab to 0% GST. H
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FAQ :
No, many retailers have not yet passed on the benefits of the recent GST rate cut to consumers, with essential items like groceries, medicines, and stationery still being sold at old prices.
Small retailers cite the need to sell off old stock purchased under the previous tax regime and a lack of clarity from distributors regarding revised pricing and MRP lists.
Yes, larger retail chains and some pharmacies have begun to extend partial benefits to customers, reflecting the GST revision on certain products.
Consumer activists have criticised the government for not issuing clear guidelines on how existing stock should be sold, noting that some retailers may be adjusting base prices to keep MRPs unchanged.
The traders' body suggests that small retail outlets and local vendors may need at least another week to fully adapt and pass on the benefits, as they need to revise stickers and understand new rates.
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