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Traders not passing GST benefits to consumers: Survey

Author: IANS/Friday, September 15, 2017/Categories: TRACKING THE GST

Traders not passing GST benefits to consumers: Survey

New Delhi - A consumer survey of more than 45,000 respondents suggests that manufacturers and traders are not passing on the benefits of the Goods and Services Tax (GST) to the customers.

In the poll conducted by the LocalCircles citizen engagement platform, a majority of 54% citizens said their monthly costs had gone up by 30% due to GST, while 20% said there has been no impact. 

A substantial portion of people said they did not know the monthly cost impact as they did not monitor it very closely. 

For 51%, monthly grocery expenses increased between 0 to 30%, 7% said it reduced and 26% said there was no impact.

In the another poll, 47% people said that their monthly medical expenses have increased in the last two months. Five per cent said it had decreased post GST, 29% said it was the same.

Around 39% of the people said that traders in their area are insisting on cash transactions and not issuing a proper GST invoice. Twenty-eight per cent said traders were taking cash and digital payments but without a proper GST invoice. 

Only 18% said that traders were accepting both cash and digital payments and giving proper GST invoices. 

The last poll asked citizens how their costs related to discretionary items like mobiles, computers, appliances, hardware, furnishings and apparel et al. been impacted. 

For 51%, it has increased and only 6% said it had decreased by 0 to 30%. 

It was more or less the same for 30% of the respondents. 

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