AC TV Sales: The recent reduction in GST rates has immediately impacted sales of household appliances. Sales of air conditioners and televisions saw a surge. Retailers offered attractive offers and discounts to customers, bringing excitement back to the market on the very first day of the festive season.
Retailers Offer Attractive Offers
With the implementation of the new tax rates, existing festive offers on air conditioners and televisions became even more impressive. Shopkeepers offered significant discounts and lucrative deals to consumers. This directly impacted purchasing, with consumers rushing to purchase the products they needed and desired.
Impact on Everyday Items as Well
The GST reduction wasn’t limited to large electronic devices. Grocery stores and everyday essentials also saw a positive impact. Sales of food items, cosmetics, and beauty products saw a slight increase, indicating that consumers are enthusiastic about shopping across both small and large categories.
Festive Season to Boost Market
Festival seasons like Navratri and Diwali are driving consumer shopping enthusiasm. The GST reduction has increased their spending power and confidence. This move will also prove beneficial for businesses and boost consumption and business activity.
Market boom after a long time
Dealers say this boom has been seen after a long time. Consumer activity and purchasing power are both key reasons for this increase. Discounts on major purchases like ACs and TVs and tax rate reductions have breathed new life into the market.
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Disclaimer: This article is for general information purposes only. The information provided does not constitute financial, tax, or purchasing advice. Please consider your individual needs and circumstances before purchasing any major product or investment.
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