Tribune News Service
Amritsar, June 16
With the Goods and Services Tax to be implemented across the nation from July 1, dealers and retailers of electronic goods in the city are offering lucrative discounts on electronic goods to clear their stocks.
The discounts offered are as high as 40 per cent in the wake of the implementation of the Act, which will replace taxes levied by the Central and the state governments through an indirect tax.
These shops are offering at least 15 to 20 per cent discounts on various electronic products apprehending denial of input tax credit on stocks following the implementation of the GST from July 1.
The discounts are being offered on items such as refrigerators, liquid crystal displays, (LCDs), light- emitting diodes (LEDs), washing machines, air-conditioners and water-purifiers among other items.
Most of the traders opined that the sale was being organised to push sales to clear the stocks, which would hold no relevance post-July 1. Arjun Kholi, the owner of Kholi electronics and electricals at Hall Bazaar said, “Considering the electronic market here, we are offering a number of discounts. This sale has been organised to push up sales before the imposition of the GST.”
Sanyam Bajaj, proprietor of an electronic store, Bholi Bros, said, “We have to get rid of the stock as the company or the government will not provide us with any benefits. We are also offering discounts.”
While offering 40 per cent discount due to the GST, Jaswinder Singh of Sound Trading Co. seemed positive about the change in the system. The shop had even displayed a banner stating the discounts offered in the wake of implementation of the GST. He said, “The shop is offering discounts up to 40 per cent. It is just a change of system. I am positive about the change.”
A heavy rush of customers can be witnessed at various electronic shops, people on a shopping spree are happy with the discounts. “Who does not want things at a discounted rate, I am very happy. I can purchase a gadget worth Rs 18,000 at a price of just Rs 13, 000. The GST seems to be lucky for customers,” said Harshlata at an electronics shop.
All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.