Shortage of goods due GST
Drug retailers are saying that there stocks will soon be lower by 50% due GSTand hence consumer should expect shortage of medicines.
Is Govt taking any proactive action to minimise consumer impact due to these GST changes? more
Is Govt taking any proactive action to minimise consumer impact due to these GST changes? more
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Huge money is invested in manufacturing the medicines . They earn good profit too. They may threaten but can not stop production because they do not want loses.There may be gap in clearing the old stock and getting new stock for few days. more
Aug 02
The chemists and drug retailers want to liquidate their stocks as after the introduction of GST the prices will fall and they will have to bear the loss. Hence this hue and cry. more
Jun 27
Any drop in prices for the drugs would be associated with revision in MRP ,hence this is absolutely a non issue more
Jun 28
We are going to see the teething trouble atleast for six months after start of GST in almost all spheres of services/material availability. more
Jun 27
There could be an element of tractability i suppose,but the main issue is non compliance due to tractability and control over ones purchases.They still have the options to purchase as an urd if they feel they want to conceal some purchases. more
Jun 28
Some day if it has to start earlier the better. By delaying only problem will be postponed. The whole game of protests is due to likely curb on black money. All traders below 75 lakhs turn over are nearly exempted which removes over 60 % of traders. more
Jun 27
Personally, I feel while the Implementation of GST is a must, we should have gone for a Dry Run, checked all Systems & operations & implemented complete Switchover to GST by October. Teething trouble is an Under-statement - we can expect Chaos ! more
Jun 27
I also heard about the scarcity of medicines. My chemists told me that there could be some disruption for a week or so. He also told me that everybody is trying to sell old stock as they will not get any credit for it. I asked my chemist to send me few of essential medicines including Live52 and D'Protein and I find that both have increased their price one from Rs.85 to Rs.95 and the other, Rs 550 to Rs.578. The government wants to bring down the prices of all medicines and essentials by reducing taxes by preventing cascading effect of various taxes at various stages. Here are some manufacturers who have already increased the prices. The government wants the manufacturers to pass on the tax reduction to the consumers. Inflation is down and prices of products must come down. Is it a case of profiteering ? more
Jun 26
There is no shortage of any drug for medical use . the fear is circulated by vested interest who want to indulge in black marketing. Every dealer is supposed to have at least 40 days of stock of all medicines he stocks so where is the possiblitiy of a shortage? more
Jun 28
As GST is not going to be levied only on Medicines/ Drugs so it is just to create panic among the people. True due to the advent of GST practically all the Businessmen will be affected & as they will not get ITC for the stock purchased more than a year back they are trying their level best to clear their old stock before 30th June 2017. The Government is so very busy in getting.GST implemented by hook or.crook & so.where they have time to think about other things? As if demonetisation has not taught them a.lesson that they are trying to do another blunder. Poor people have no.say in the matter but just to tolerate & bear the follies of others or to close their business to show their opposition. In either case businessmen are bound to suffer & due to artificial shortage of things bear the higher.prices of the commodities. more
Jun 26
Bank were nationalised so that these become friendly to the people and may not work only to maximise their profits. After decades of that good initiative, the SBI is leading the bank industry to behave like EAST INDIA COMPANY. more
Jun 26
