It Is Raining Discounts as Electronic Retailers Prepare for GST
Updated on: Dec 19th, 2024
|
1 min read
Updates from 06th June, 2017
Electronic retailers across the nation have started to offer heavy discounts on all white goods purchased before the GST rolls out on July 1st. Costly home appliances are currently available at 20-40 percent discount, as retailers rush to clear old stock before the new tax regime comes in.
Discounts depend on the cost price of the old stock and its life. Retailers expect to incur a loss of about 14% on all inventories that are one year or older and about 6% on all transactions before May.
As reported in The Economic Times
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.
CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.
Cleartax is a product by Defmacro Software Pvt. Ltd.
Company PolicyTerms of use
ISO 27001
Data Center
SSL Certified Site
128-bit encryption