Online shoppers press pause button ahead of GST changes; festivities to boost sales: Analysts

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The planned GST changes have prompted some e-shoppers to postpone purchase decisions in hopes of lower taxes on certain products like consumer goods and electronics, say analysts, while emphasising that the blip is only temporary and sales are set to rebound as clarity improves and festive fervour takes hold.

Goods and services are currently charged under a four-tier system with rates ranging from 5 per cent to 28 per cent.

GST reform, proposed by the Centre, says that most goods will be charged at either 5 per cent or 18 per cent. Durables such as…



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Online shoppers press pause button ahead of GST changes; festivities to boost sales: Analysts



The planned GST changes have prompted some e-shoppers to postpone purchase decisions in hopes of lower taxes on certain products like consumer goods and electronics, say analysts, while emphasising that the blip is only temporary and sales are set to rebound as clarity improves and festive fervour takes hold.

Goods and services are currently charged under a four-tier system with rates ranging from 5 per cent to 28 per cent.

GST reform, proposed by the Centre, says that most goods will be charged at either 5 per cent or 18 per cent. Durables such as…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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