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GST Impact on Prices of Umbrellas and Raincoats

GST Impact Umbrellas & Raincoats-prices

This time, Monsoon is very early in southern part of India. Even the rain-rescue products are decorated on shops in the city markets. However, due to increase in customs duty, the prices of Chinese products have increased slightly. Now, Indians items are attracting more to buyers as compared to China products. The prices of Indian raincoat, umbrellas, and other products are also increased up to 10% due to E-way bill roll out, GST and hike in petrol-diesel prices.

Attractive raincoat and umbrellas with new designs are available in the capital markets and engaging the kids very much. A shopkeeper at Gol Bazaar says that this time market will be good as compared to the last year. Customers have started shopping from now only.

Businessmen have mentioned that this time, products from Kolkata and Mumbai are available and covering the major part of the markets. After analyzing the products, it is sure that this time the focus is on the kids’ products and likings. You can see lots of cartoon character and especially animated umbrellas along with other materials.

Read Also: Revised GST Slab Rates in India FY 2018-19 Finalized by the GST Council

As per the liking of boys and girls, umbrellas and raincoats are made with different types of characters. There are various design and pattern for girls’ raincoat.

In the rainy season, the school bags are not completely safe under umbrella and raincoat. The new bag covers are available in the market for multipurpose. This cover protects school bag, laptop bag and other types of hanging bags from the rain.

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