New GST notification boosts festive sales, with home appliances and TVs seeing a surge.
The implementation of new GST rates has boosted shopping enthusiasm for the festive season. Sales of home appliances like TVs and air conditioners have seen a significant surge. The tax on room ACs has been reduced from 28% to 18%, and TV sales have increased by 30-35%. Sales of everyday items have also increased. Companies expect double-digit growth during the festive season, which has brought back enthusiasm to the market.
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