the goan I networkrPANAJIrrTheir confusion was mostly on account of how the transition will happen from all the indirect taxes to GST. rAn owner of a supermarket in Panaji, who preferred to remain anonymous, said, “We are confused about GST, but we are not scared. There are so many products at my supermarket, right from soaps, shampoos, edible oil to even beer and alcoholic drinks. At the moment they fall under different kinds of taxes. I am unsure which tax rate they will fall into under GST.” rHe continued, “We are told that we will get input-tax-credit of VAT on our existing stocks once GST comes into picture. But, a lot of paper work will be required for it. We are going to our CA.” rCertain categories of retailers were even offering discounts. For example, Big Bazaar had something called ‘GST Mahurat Shopping’, under which it was giving price reduction and other offers from midnight 12 to 2 am on July 1. rAlthough Big Bazaar offered discounts, smaller supermarkets were not in the mood to do so. Many of them said they were not in a condition to give discount as demonetisation had earlier affected their financial condition.
Confusion prevails in Panaji market
A number of traders and shopkeepers were grappling with confusion just a day before the roll out of Goods-and-Services-Tax (GST) on July 1. Shopkeepers admitted that they were confused, but not really scared of the monumental tax reform.
