RETAILERS ARE OFFERING HUGE DISCOUNTS TO THE EXTENT OF 40% ON ELECTRONIC GOODS

Prices of consumer electronics are likely to go up by 3-5 per cent once GST is implemented as most of them fall under the 28 per cent tax slab, which is the highest bracket and a jump from the current 23 per cent tax rate.

Most retailers have announced these discounts in a bid to clear inventories ahead of the GST rollout. As per the GST the Input Credit to be utilised within one year of purchase.

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