Pre GST Sale: A ‘Mauka’ For Retailers To Clear Out Inventory Ahead Of GST (Updated)

Anmol Kumar

March 30, 2018

Pre GST Sale
HIGHLIGHTS (Updated)
  • Post GST Mega Cell in December 2017 soon, Be ready to get benefits.
  • Due to the GST, almost all retail chains and shopping malls are preparing for 'Year End' GST cell in December this year.
  • People can get discount up to 50% on Branded clothing, gadgets, kitchen appliances, toys etc during this mega cell.

Paytm Mall, the Paytm’s recently launched E-commerce unit, has declared a three-day long Pre GST Sale where customers can get enormous cashback on the purchase of items like TVs, laptops, and more.

Under the Pre-GST Sale, Paytm Mall is offering up to Rs. 20,000 cashback on some selected products. The sale has already begun from Tuesday and will commence until this Thursday.

Paytm Pre GST Sale

The Paytm Pre-GST Sale incorporate items like TVs, consumer durables, laptops, and DSLRs at up to Rs. 20,000 cashback. The sale is also offering heavy discounts on ACs and refrigerators. Additionally, under this GST clearance sale of Paytm few lucky consumers can be eligible to win an iPhone 7 with a shopping of minimum Rs. 1,000.

Moreover, different items, for example, Bluetooth speakers, footwear, and accessories is being sold at up to 50 percent off with an additional 25 percent cashback. The Paytm Pre-GST Sale has also listed cashback of up to Rs. 10,000 on the purchase of smartphones including Apples’s iPhone.

Until now, a tax of around 13.5 per cent is levied on smartphones, which will come down to 12 percent after the rollout of GST from 1st July. This will make smartphones marginally cheaper than they are right now, however, electronic appliances like washing machines and refrigerators, which are categorized under the 28 per cent GST slab, will get costlier, along with other items like televisions and computers, which are categorized under 18 per cent GST slab.

The all-new Paytm GST sale is an opportunity for retailers to clear out their stocks before the implementation of the new tax rates from July 1st. Announcing the sale, Paytm in a press note had said that it is going to host over 6,000 retailers across over 500 brands as part of the Paytm Pre-GST sale.

GST council has decided to apply a 10% tax on men made appeals, currently it is 7%. So many brands have launched a month-long Pre-GST Clearance Sale from June.

Usually the band’s start the end of season sale on 1st July to 15 August but this year the sale has started from June.

Here is a list of brands and their pre gst sale offers:

Brands Pre GST Sale
Puma 40% Flat Discount + 10% Additional
Allen Solly Buy one Get one Free
Levis Buy two get two Free
Flying Machine 50% Flat Discount
Pepe Jeans Buy Three Get Three Free
caportal

Leave a Reply

Your email address will not be published. Required fields are marked *