Best of the Pre GST Sale
With the implication of the Goods and Services Tax Amendment Bill by the Indian Government, there are rapid changes taking place in the Indian economy which are a consequence of the direct effect on Trade and Business. The GST is a common tax levied on goods which makes a number of transformations to Trade and Business all across the country. Considered as a positive approach in order to make the Indian Market more stable and competitive, the implementation of the tax is bringing a number of significant changes which we experience from day to day. One of the significant ones is the initiation of clearance sales by a number of e-commerce websites all across the nation, and the deals which are being made available to the consumers. The basic feature of these clearance sales on online portals is the heavy discount offered by them on a wide range of consumer durable goods, such as electronic appliances and gadgets, home-furnishing and fashion, which fall under the 28% tax cap. Due to the new taxes which are being levied on the different industries in the country, we see a number of produces offering absurdly discounted products all over the e-commerce landscape.
Let's have a quick look at how GST will impact the Major Goods:
- Luxury Cars maybe Cheaper by close to Rs.1lakh
- Small Petrol Cars tax changes from 32% to 29.3%
- 2 Wheelers tax after GST will change to 28% from 31.1%
- Cigarettes will see an immense change amounting to a total of 55-60%
- Air Conditioner, Refrigerators, Water heaters will be impacted highly.
- Soaps, Toothpaste, hair oil and malted beverages to get cheaper by 5%
- Detergents, Shampoos, Chocolates to get expensive.
- Duty on Coal will be reduced to 5% from 12%
- Heritage foods like - Milk will stay unaffected
Online shopping sales on Flipkart, Amazon, and many other popular e-commerce websites project sales of up to 80% off on a number of products from leading and trusted brands. Online shopping has probably never seen such a period of vulnerability and the consumers have the opportunity to capitalize on an unprecedented dip in prices. These conditions make this period the best for online shopping with a plethora of deals and a wide variety of products to choose from. Consumers are faced with an opportunity which has never appeared and probably never will. Top brands in fashion such as United Colors of Benetton, Tommy Hilfiger, Adidas, Puma, and many more offer discounts on their products that go up to 70%. Similarly, leading Electronic Good Producers such as Samsung, LG, Panasonic, etc. offer discounts of almost up to 80%.
With the arrival of GST, consumers all across the country have a chance to buy products at insanely low prices and make the best on discounts never seen before.
So this is the time for urgency and a need to clearly look at the situation as an unprecedented opportunity that would not be available for too long.