Big Bazaar, the hyper and super market retail chain run by Kishore Biyani’s Future Group, is offering discounts ranging from 2-22% on select food and grocery items which will be taxed at a lower rate when the goods and services tax (GST) comes into force at midnight on Friday. At 12 am, the stores will open again for business for two hours with the discounts in the range of 2-22%. The cash back is just for the two hours of the midnight sale“We have segregated our products according to the GST tax slabs that they come under. These discounts will be absorbed by the company and are reflective of what we think will be the new pricing under GST,” a Future Group spokesperson said. Within half-an-hour, it sent 10 million text messages to Future Group loyalty programme members announcing that its stores would remain open until 11.50pm.

Source: Mint June 30, 2017 15:33 UTC