It’s raining discounts on e-commerce sites, thanks to GST

Online shoppers have a special reason to rejoice, thanks to the Goods and Services Tax (GST) to be implemented on July 1. To ensure that their stock is cleared before the new tax regime comes into action, top players like Flipkart, Amazon and ShopClues are going all out on discounts – up to 80 percent – for the longest duration ever. The GST imposition is expected to cause losses for the retailers…