Pressure on Quick Commerce Apps to Pass GST Cuts to Consumers
Quick commerce platforms in India are being monitored to ensure that GST rate reductions are resulting in visible savings for shoppers.
The central government is using real-time data from platforms like Blinkit, Swiggy's Instamart, Zepto, BigBasket, and Flipkart Minutes to track the pass-on of GST cuts to consumers.
- Officials from the commerce ministry and the department of consumer affairs have asked quick commerce platforms to show consumers their savings due to GST reductions.
- The goal is to make the effect of tax cuts visible in real-time, allowing shoppers to see lower prices while making purchases.
According to Moneycontrol, around 90% of the reductions have already been reflected in retail prices, with minor issues remaining in the remaining 10%.
Authorities are working to address these minor issues.
Author's summary: Quick commerce apps are being pressured to pass GST cuts to consumers.
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