Broken money problem increased after GST
After the implementation of GST, common people are getting things a little cheap, but the prices have become such that you do not understand how to pay. Earlier, the large cigarette of classic used to get 19 rupees in Khutre, but now after GST, its price has been increased to Rs 21.77. Similarly, Parle-G Biscuit, which was earlier 5 rupees, is now available for 4.45 rupees. The shampoo of ₹ 2 is now available for Rs 1.77, and the cost of ₹ 1 is 88 paise. Both shopkeepers and customers are upset due to such prices. The government has already stopped a coin of 50 paise ago, so there is no arrangement for such a holiday money. Digital payment from above is not easy for everyone.
Buying a big pack will not make such a mess
Companies say they GST The rates of rates have started giving advantage of customers, but they do not understand what the government considers the right way to give this benefit. Mayank Shah, Vice President of Parle Company, said that at the moment there will be some trouble, but it is expected that people will make full payment from UPI or buy big packs so that there is no hassle of holidays. Companies fear that if they increase the weight of the product instead of reducing the price, then the government should not say that the benefit was not delivered to the customers. Therefore, now everyone wants a clear answer from the government.
Companies also changed prices
Chocolate and Drink Powder maker Mondes has also reduced its prices. Bornevita, which was earlier ₹ 30, is now available in ₹ 26.69. Oreo biscuit is being sold from ₹ 10 to ₹ 8.90 and 5 star chocolate ₹ 20 for ₹ 17.80. Sushil Kumar Bajpai, president of the RSPL group (which makes soap and detergent), said that he has reduced the prices of the old stock he has by 13%. He says that this work has been done so that it is clear that customers are getting full benefit of tax cuts.
Small pack demand more
In India, small packs of ₹ 1, ₹ 2, ₹ 5 and ₹ 10 are the highest sales. 79% of shampoo sales are from just ₹ 1 and ₹ 2 pouches. 64% in biscuits and 58% stake in chocolate is also of these small packs. Now the problem is that things which were always in the round figure i.e. the entire ₹ 1, ₹ 2, ₹ 5, are now being sold in broken money. Due to this, the shopkeepers are having trouble giving holidays and the customers are also confused how and where to go? People associated with the industry say that this problem will not last long. As soon as the situation is slightly normal, companies will again return to the same old ₹ 5 and ₹ 10 prices. The only difference will be that earlier the goods were received, now you will get a little more than that.
Explanation has been sought from the government
In 2017, when GST was first implemented, many companies were fined because they did not reduce prices even after tax cuts. Now companies do not want to do this again. Therefore, she is clearly asking the government whether instead of reducing the price, if she increases the weight of the product, will it be considered to be benefited to the customers? Prashant Peres, managing director of Kallanova India, says that at the moment there is confusion in the market, but gradually everything will be cleared. He admitted that there is restlessness due to strange prices at this time, but this problem will not last for a long time.