By Admin 
GST 2.0: The GST 2.0 reform in India came into force from Monday, September 22 and the customers showed tremendous enthusiasm. On the occasion of things cheap and discounts on the occasion of Navratri, crowds of people gathered in shops. Almost every segment has good purchases. On Monday, there was a huge jump in the sale of air-conditioner and TV sets. Since under GST reforms, many important and food items have also been reduced, so the surrounding grocery stores were also seen to be a large crowd of people. In many places, customers were also seen arguing with shopkeepers about the revised MRP on packaged food items.
Battle of e-commerce companies
Due to the low prices of many things in GST 2.0, consumer spending is likely to increase in the festive season. A large part of the annual revenue of e-commerce companies is generated by sales in the festive season. Experts believe that improvement in GST can lead to a bounce of 15-20 percent in the festive season sale as the demand for electronics items of many premium categories can be seen. According to media reports, Prateek Shetty, Vice President of Growth and Marketing in Flipkart, said, “We are looking at the improvement in GST as a revolutionary change, which will promote consumption and provide things to customers on the right value in this festive season.”
Packed crowd seen at shops
Despite the first day of the working week on Monday, a crowd of customers was seen from the automobile showroom to the online platform. Earlier, there were four slabs, 12 percent, 18 percent and 28 percent in the GST structure of the country, which has now been divided into two slabs- 5 percent and 18 percent. This has made about 99 percent of daily use cheaper, which has given a lot of relief to consumers.
Alam is that with the implementation of the tax reform, people started shopping. In e-commerce company Flipkart and Amazon, retailers saw a jump in categories ranging from fashion to domestic essential commodities. Orders of fashion brand Snich also gained 40 percent, while The Pant Project recorded an increase of 15-20 percent compared to last year. Shadow Itel also saw an increase of 151 % in the traffic of domestic essential commodities as compared to last week.
TV-AC also sold a lot
TV manufacturing company Super Plastronics Private Limited (SPPL) CEO Avneet Singh Marwah, which has a license for all global brands like Thomson, Kodak, Blogt, said that sales have jumped 30 to 35 percent on the first day of GST 2.0. He said, “Sales of 43-inch screen size and 55-inch screen size TV sets rose by 30 to 35. During this time the air conditioner also sold a lot. The price of Spild AC declined by Rs 3000-5000, while premium TVs saw a cut of up to Rs 85,000.
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