GST helped E-Commerce companies to offer discounts

Mumbai Sept 24: The Impact of GST has been assessed by E-commerce players. However, the impact has been positive and it has helped the e-tailers to offer huge discounts. Currently, many e-tailers have offered great discounts and cashbacks for promoting sales.

E-commerce operators have said that "The GST impact was significant only in the month of July."They also said that "Immediately post the rollout of GST on July 1, it settled down by August and the sales went back to normal by the beginning of September".

E-tailers have also said that "there will be no impact of the GST on the sales or offers that are currently running on various e-commerce platforms".

Currently, the discounts are offered on lifestyle and clothing because the taxation items are less compared to electronics season.

Experts say that the GST had brought transparency in the sales of and in recent months E-Commerce companies have invested a huge in warehouses and this has also led for offering discounts.

The upcoming festival has generated Huge demand and has forced operators to offer huge demand and also ramp up sales.