Top retailers meet to discuss pricing, margin issues post-GST
GST
Dated:- 13-6-2017
Mumbai, Jun 13 (PTI) Leading retailers including Future Group, Trent Hypercity, DMart and Aditya Birla Retail today met in Mumbai to discuss issues related to the Goods and Services Tax (GST), including pricing and margins.
\nOver 12 top retailers met under the aegis of Retailers Association of India (RAI), which intends to approach the government on key areas like including GST as a component in the product price to avoid confusion, and clarification of taxation on packaged commodities.
\n"Currently, GST will appear as a separate component in the customer's bill. Some products may be exempt from GST and in such an event a separate bill <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n all retailers would aggressively reduce prices. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Top retailers meet to discuss pricing, margin issues post-GST GSTDated:- 13-6-2017Mumbai, Jun 13 (PTI) Leading retailers including Future Group, Trent Hypercity, DMart and Aditya Birla Retail today met in Mumbai to discuss issues related to the Goods and Services Tax (GST), including pricing and margins. Over 12 top retailers met under the aegis of Retailers … Continue reading “Top retailers meet to discuss pricing, margin issues post-GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3655","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3655"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3655\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nWhile reiterating that they are expecting July 1 roll-out of GST, he also said retailers have configured their IT systems and are aligning with FMCG partners.
\n"All retailers are in talks individually with FMCG companies to ensure that their margins are retained, while ensuring lower prices to consumers," he said.
\nAnother issue that RAI will put forth is about service tax on delivery charges.
\nRajagopalan pointed out that retailers who currently deliver on their own or through marketplaces will incur service tax. It is expected that when multiple items are delivered, the item which incurs highest tax will be considered for computation of service tax. "We require clarification<\/p>\n
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