Mom-and-pop stores play the MRP waiting game as new rates kick in

Mom-and-pop stores (kiranas) across Mumbai and Kolkata will continue to sell stocks lying in storesatthe maximum retail price (MRP) as retailers wait for the new product prices to reach their stores with reduced prices, followingthe government's cut in goods and services tax (GST) on many items and the removal of the 12 per centand 28 percent slabs.

- BS REPORTERS

In Mumbai suburbs, a standalone supermarket store continues to sell stocks atthe current MRP and has no intention to sell atthe reduced prices foritemsthat have seena drop in GST, as the items were billed atthe old price.

“Twill first clear the old stocks lying with me, and then once the stock with the new MRP comes in, I will sell it at the reduced MRP,’ astorekeeper said.

Another supermarket, a stone’s throw away, said the same thing. “Dairy itemswill move quickly, andthe new stockswill reach stores within the next 10 days, but items like shampoos will take longerto replenish,” the store owner added.