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GST rings early bonanza for shoppers across high streets and malls

GST rate of 12% is proposed for apparel costing above Rs 1,000 and 18% for footwear above Rs 500

GST rings in early on high streets
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Photo: Shutterstock

Arnab DuttaRaghavendra Kamath Mumbai | New Delhi
The Goods and Services Tax (GST) is bringing in early bonanza for shoppers of branded apparel and fashion accessories across high streets and malls.
“End of season sale” of fashion retail brands, which typically starts in July every year, has mostly been advanced to June this time as companies want to clear their inventory before GST kicks in next month.

Brands such as Puma, Bata, ONLY, Jack & Jones, Vero Moda, Louis Philippe, Van Heusen, Benetton and US Polo have already begun their sales across major cities.
 
Retail chains such as Pantaloons, Lifestyle and Shoppers Stop are yet to come out with