The film launched by the GST Reform Government is the film, on the very first day, the blessings of being a block buster were continuously happening and something similar happened. Where there was a tremendous increase in the sales of cars. On the other hand, the sale of TV and air conditioner also saw double growth. It can be said that the ‘First Day-First Show’ of the GST reform was quite a bang. On the very first day, companies making many electronic items made many offers from online to offline. Also, due to GST reform, the price of electronic goods also reduced considerably. The benefit of which was seen in sales. According to experts, there can be more increase in the coming days. Let us also tell you what kind of response has been seen from the market.
Tremendous response first in the market
On Monday, on the first day of the low rates of GST, the sale of air conditioners and television sets booured. Retailers offered attractive discounts, due to which there was excitement among buyers. The neighborhood grocery stores also saw a slight increase in the sales of everyday items and food items. In order to promote consumption across the country, the GST Council had approved the GST (Goods and Services Tax) structure of two slabs with four slabs and two slabs of 18 percent. With the implementation of this system, prices from food items, cosmetics and cosmetics to TV and air-conditioner have been cut from Monday. The nine -day Navratri festival started from Monday.
TV-AC sold doubled
Home appliance segment dealers said that the sale of air-conditioner (RAC) almost doubled on the first day. The AC used to levy 28 percent tax earlier, but it has now been reduced to 18 percent. Higher India chairman NS Satish told PTI-language, “Initial sales trends are encouraging. By 5 pm, our dealer recorded almost double sales compared to any other Monday. He also said that shopping is expected to increase in the evening due to Monday working day. Blue Star Managing Director B Tyagarajan said that given the inquiry, I think the atmosphere is encouraging. Avneet Singh Marwah, CEO of Super Plastronics Private Limited (SPPL), a TV manufacturing company with many global brand licenses including Thomson, Kodak, Bloopkt, said that sales increased by 30 to 35 percent on the first day. The company sells TVs through the e-commerce platform Flipkart.