Analysts expect festive online sales to grow 30% after GST relief

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Ecommerce major Amazon India announced the dates of its flagship Great Indian Festival soon after the Goods and Services Tax Council cut rates on categories such as footwear and apparel (priced up to Rs 2,500), handbags, chocolates, namkeens, and appliances including televisions.

The month-long sale will begin on September 23, a day after the new GST rates are implemented. Analysts said the timing of the tax revision, just ahead of the festive season, is likely to drive demand.

“Ecommerce platforms are definitely going to spur sales through the…



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Analysts expect festive online sales to grow 30% after GST relief



Ecommerce major Amazon India announced the dates of its flagship Great Indian Festival soon after the Goods and Services Tax Council cut rates on categories such as footwear and apparel (priced up to Rs 2,500), handbags, chocolates, namkeens, and appliances including televisions.

The month-long sale will begin on September 23, a day after the new GST rates are implemented. Analysts said the timing of the tax revision, just ahead of the festive season, is likely to drive demand.

“Ecommerce platforms are definitely going to spur sales through the…



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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