You are here: Home » Economy & Policy » News » GST
Business Standard

Paytm, 1mg, Shopclues offer discounts to clear stock ahead of GST roll-out

E-commerce firms have been engaging with merchants to ensure smooth transition to new system

Press Trust of India  |  New Delhi 


Online retailers like are offering special discounts to consumers to ensure that their sellers' stock is cleared before the (GST) regime sets in from July 1.

has a 'Pre-Sale' going on, hosting over 6,000 retailers across more than 500 brands. Consumers can get discounts and cashback on a range of product categories like TV, laptops, mobile phones, ACs, refrigerators, and footwear, among other items.

"This sale has come at an opportune time for offline retailers who are looking to offload their entire inventory before the new tax rates become effective," said in an emailed response.

Even online drug marketplace, has joined the bandwagon.

"Due to GST, there may be [a] shortage of medicines in July. Stock medicines@20 per cent off on Com to avoid issues," read a communication sent to customers.

All e-commerce companies have been engaging with the merchants on their platforms to ensure a smooth transition to the new taxation system.

ShopClues, which has about five lakh merchants on its platform, said it is organising seller summits in different cities, sending regular updates to merchants through mails and updating related information on its seller portal.

"Soon, we will organise weekly webinars where merchants can get their doubts clarified from our internal experts," it added.

First Published: Wed, June 14 2017. 20:49 IST