GST brings Diwali early as retailers offer upto 40 per cent discount—सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

For shoppers of white goods, the singeing summer has brought a cool Diwali gift. Costly home appliances are now available at 20-40 per cent discounts, as electronic-goods retailers rush to clear their old inventories ahead of the July 1 rollout of the goods and services tax (GST) and minimize their losses.

Television-sets, refrigerators, air-conditioners and washing machines now have their price tags slashed. Discounts vary, depending on the life of the old stock and the cost price: Retailers say they would make a loss of about 6 per cent on unsold stock purchased before May, and about 14 per cent on one-yearold inventories, against which input credits cannot be availed.

via electronic products: GST brings Diwali early as retailers offer upto 40 per cent discount – The Economic Times