GST forces online & offline merchants for clearance sale

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Don’t know about the after effects of the GST but before the implementation of the major tax reform, it has benefited many people since many shopping and electronics apparels are offering immense discounts on their products.

Electronic Stores like Vijay Sales, Kohinoor and Digi 1  are offering up to 50 percent off on certain models or till stocks last. Snehanjali, another electronic chain of Mumbai is offering as the pre-GST sale. While Samsung is offering free DTH connections with televisions and extended warranty periods along with free services of air-conditioners (ACs) and microwaves as their ‘June Fest’. Also, brands like Puma, Bata, Jack & Jones, Vero Moda, Louis Philippe, Van Heusen, Benetton and US Polo have already begun their sales across major cities. Flipkart, Amazon, Paytm and others have announced the pre-GST sale on their online platform.

Retailers are focusing on clearing the stock before GST as they will not get the full set-off on the tax which they have already paid. Currently, VAT, excise, and octroi in some cases are implemented on stocks which are invoiced and delivered. But after July 1, if this stock is not cleared, vendors will be stuck with two kinds of stock. One that has GST invoices from the manufacturer while the other before GST.

Croma marketing officer said, “Essentially there is a loss on that and that is why retailers are trying to get the old stock out”.

Here is the list of Discounts and Cashback Offers which various retailers are offering:

Cashback and Discount Offers

- Advertisement -

Latest News

DMK party calls off protest against “Hindi-imposition” as Home Minister Amit Shah clarifies his stand

Speaking to the media on Wednesday in Chennai, DMK (Dravida Munnetra Kazagham) leader MK Stalin apprised that his party...

Fortnite v10.31 patch notes released, brings ‘Party Hub’ voice chat feature and more

Epic Games introduced Fortnite’s Season 10 on August 1. Until recently, Fortnite was running on v10.20 wherein it brought us many new features including the new ‘Zapper Trap’ along with...

Congress to release first list of 50 candidates for Maharashtra polls on September 20: Balasaheb Thorat

Gearing up for the forthcoming Maharashtra assembly polls, Congress party has announced that the party will release the list of its candidates on September...

Facebook adds more to hardware lineup; introduces Portal, Portal Mini, Portal TV

Facebook has introduced three new models in the existing Portal series. The three new devices are Portal, Portal Mini and Portal TV. Facebook Portal: Facebook Portal...

Man throws toddler out of running train in UP

Ayodhya, Sep 19 (IANS) A mentally unstable man snatched a seven-month old toddler from his mother onboard the Delhi-Farakka Express and threw him out...
- Advertisement -

More Articles Like This