GST Rate Rationalization - Part 5: Impact For B2C Sector, Dealing In Non-packaged Products, Along With Checklist And Implementation Guide

For goods which are not pre-packed and are sold to ultimate buyers, legal metrology or provisions relating to MRP do not apply. However, other provisions do not create any distinction as regards passing of benefits is concerned. Accordingly, we will be discussing the best practices to be adopted by companies in response to rate reduction.

Implementation of revised pricing

Revised pricing needs to be determined keeping in view various factors. Following factors may be, inter alia, examined, decided and documented:

• Cost increase, including cost of implementing rate change measures
• Pricing decisions in the past
• Benefit to be passed on to consumers
• Discounts, promotional schemes including festive schemes