GST the greatest reform which brings a standard format for taxation all through the India.Initially, finance minister Arun Jaitley announced the tax rates and many protested against this since they found it too high .For cine industry initially it was taxed at 28% then after the protest it was reduced to 18%(with conditions.)
Almost all the brands and retailers are offering good and special discounts to consumers to to sell their stock in hand before the Goods and Services Tax (GST) comes into play from next month of July.These retailers want to clear their stocks to the new tax regime comes to play.
“This sale has come at an great opputunity for offline retailers who are planning to clear their entire inventory before the new tax rates become applicable,” Paytm said in a response to an email.
Consumers are being given discounts and cashback offers on a wide range of product categories, such as TVs, laptops, mobile phones, air conditioners, refrigerators, DSLRs and footwear.
