GST triggers another ‘80%’ online sale for Flipkart, Amazon
As small-time traders stitch together the probable impact that the Goods and Services Tax (GST) could bring to their respective businesses, a coterie of sellers dealing with fashion and lifestyle products are putting up the remainder of their stock online at absurdly low price points.
Apparels and furniture are being offered for sale on e-commerce platforms Flipkart and Amazon India at discounts of up to 80%. While men’s apparel under brands like Tommy Hilfiger, Lee and Arrow are up for grabs at a 70% cut, Prime members on Amazon are getting a minimum of 50% off of on clothing and accessories from UCB and Indigo Nation.
As per the rates announced by the GST Council for the textiles industry, customers can expect a surge in the prices of garments of over Rs 1,000. While ready-made clothing below the that mark will also be taxed at 5%, those above that price range will be slapped with a 12% tax rate.
And these online deals are not just restricted to fashion, but products from categories like home furnishings and interior design are also flying off the shelves.