A month has already passed since the GST or the Goods and Services Tax has been implemented on the 1st of April, Indians are gradually feeling the effect of the general price increase throughout the country. While there are many who have already started going on a pre-GST shopping spree with the thought of paying a much less amount, some others are left pondering over the fact that they’re missing out on such offers. However, the only good news after the implementation of GST is that there are few businesses which have taken the decision of absorbing the costs and not passing the burden of GST to their customers. So here are few things on which you can save money post-GST implementation.
#1: Eating out in hotels and restaurants
There are many who have resorted to cooking at home for compensating the increase in prices for eating out. The people of Malaysia can rest assure that there are few famous restaurant chains which have decided to reduce the burden on their customers by maintaining or lowering their prices. Food chains like McDonald’s, KFC and Dominoz Pizza have decided to absorb the GST and they are doing so without adversely hurting their business. So, you can still save money by eating out.
#2: Beauty and Fashion
For the people who are fashion-conscious, there isn’t any worry about not being able to maintain the latest trends. Zalora, a fashion retailer online announced that they will absorb the GST rates on all items. Zalora is a Malaysian brand which has not only decided not to hike its prices by the 6% GST levels but they have also decided to apply a 6% discount on all customers, thereby even lowering the prices by 5% as compared to pre-GST prices.
Are you looking forward to buying cars? If yes, then there are both foreign and local makes which have decided to absorb GST rates. Perodua will reduce prices of their vehicles between 0.1% and 1.6% depending on different models. Volkswagen has even updated its prices on all variants and models, thereby maintaining their net selling prices. However the insurance will definitely be subject to its own 6% GST.
#4: Tech gadgets
Technology geeks may rejoice when they get to know that they can continue to get their latest in electronic gadgets. Oppo is a smartphone maker which manufactures really awesome devices like the R5 and N3 and they have committed to absorbing GST their gadgets and this translated to 0% increase in the retail price of the phone. Hence, you can still buy your gadgets at their best prices.
#5: Wholesalers and General Retail
There are still places to cater for families which are looking to shop for few essential items or for those who are hunting for good deals to satisfy their needs for impulsive shopping. With a whole range of items like electronics, hardware, household, textiles and foods that are available, families feel safe to know that they can still get their essentials without having to pay extra.
Therefore, if you’ve been worried about the extra payments that you have to pay on various things post GST-implementation, consider the above mentioned points.
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