No GST hike will tamper sales!
Today marks the start of the Great Singapore Sale (GSS). And to top it all off, aka 'cherry on top of the cake', it's the last Friday of the month; late night shopping.
Yes, the much-awaited shopping season is here and it will stay until July 22.
The government will be implementing the 2% GST hike on 1st July.
I say that the 7% GST will not shy shoppers away.
My reasons:
First, sooner or later it's going to happen anyway. Besides, the hike will only kick in 1st July. That spells a whole month of mad-rush shopping before that day.
Second, apart from facing it, the government has set aside the GST Offset Package that can be used come July. This is done to help people cope with the hike.
Looking at the flip side, it's like being given money to shop.
In yesterday's Straits Times article about the GSS, Dr Tay, President of Singapore Retailers Association, say that she hopes this year Singapore sale could reach S$5.2 bln, compared to last year's S$5 bln.
She also added that it was up to retailers if they decide to waive the offset or not.
There may be a hike, but that may not deter people from spending in the GSS.
Nurwidya Abdul
ArchivesYes, the much-awaited shopping season is here and it will stay until July 22.
The government will be implementing the 2% GST hike on 1st July.
I say that the 7% GST will not shy shoppers away.
My reasons:
First, sooner or later it's going to happen anyway. Besides, the hike will only kick in 1st July. That spells a whole month of mad-rush shopping before that day.
Second, apart from facing it, the government has set aside the GST Offset Package that can be used come July. This is done to help people cope with the hike.
Looking at the flip side, it's like being given money to shop.
In yesterday's Straits Times article about the GSS, Dr Tay, President of Singapore Retailers Association, say that she hopes this year Singapore sale could reach S$5.2 bln, compared to last year's S$5 bln.
She also added that it was up to retailers if they decide to waive the offset or not.
There may be a hike, but that may not deter people from spending in the GSS.
Nurwidya Abdul
Labels: Great Singapore Sale, GSS, GST hike, GST offset package, late night sopping
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