Mumbai, June 13: Ahead of the implementation of GST from July 1, mobile payment and commerce platform Paytm has announced a three-day pre-GST sale and is offering discounts on several products to clear its stock sales. Paytm Mall went live with the Pre-GST Sale from 12 AM on June 13. This three-day extravaganza that offers cashback, discounts on electronics, footwear, home appliances, apparels and many others will end on June 15, 2017. The goods and services tax (GST) will be implemented nationwide on July 1 this year.
Under the three-day long Pre-GST Sale, Paytm Mall, a shopping app owned by mobile payments and commerce platform Paytm is offering up to Rs. 20,000 cashback on the purchase of select products which include laptops, television, electronics, durables, cameras, ACs and refrigerators along with many others. The sale covers offer on popular brands like LG, Samsung, and Sony. some of the blockbuster deals include Apple iPhone 7 32 GB (Black) which is priced at Rs 45405 against the original price which is Rs 60000, Apple iPhone 6S 32 GB Rose Gold is priced at Rs 36799 which costs Rs 50000 otherwise.
The sale also offers up to 70% cashback on Clothing, accessories and shoes, minimum 60% cashback on footwear, up to Rs 10000 cashback on best-selling smartphones, flat 40% on watches, up to Rs 20000 cashback on cameras, up to 60% cashback on clothing collections, flat 20 % off on printers, flat 15% cashback on 5 inch and above screen mobiles, up to 70% off and flat 50% cashback on sarees. The sale also offers attractive deals on daily home products. Kitchen tools and storage containers are available at a starting price of Rs 49, homer decors like wall stickers, lamps and many more products are offered at a starting price of Rs 29, 30-60% cashback on tops and dresses while 30-60% cashback on male shirts.
In May, the GST Council in increased the limit on input tax credit from 40% to 60%. This tax credit is for inventory which produces a GST of 18% or 28% without considering excise payment receipts and which are below 18% may remain at 40%.
“This Pre-GST Sale will see customers buy items including Televisions, Consumer durables, premium laptops and DSLRs at up to Rs 20,000 cashback, while products such as Bluetooth speakers, footwear and accessories will be sold at up to 50% off plus 25% cashback,” cited Paytm Mall in a release on Monday. As per reports, the ‘Pre-GST Sale’ will have over 6,000 retailers across 500+ brands, with all major brand labels participating in the retail extravaganza. The Few lucky customers with a shopping of minimum Rs. 1,000 during the Pre-GST Sale are eligible to win an iPhone 7. Keep adding products to your wishlist, because the three-day Paytm sale is simply irresistible. Avail exciting offers on your favorite products and shop your heart out this monsoon.