GST on unbranded food products: Retailers to see tough competition

With the government’s move to levy 5% of goods and services tax (GST) on unbranded packaged products, competition has become tougher for the unbranded food products retailers who may further lose their market share to bigger branded players. Almost 70-75% of consumers buy unbranded packaged staples like flour, rice and pulses, but with the implementation of 5% GST on these items, traders and retai…