Branding, smartphones

Things You Must Know About Yaantra Week Sale!

The upcoming week will be nothing short of a lottery for the smartphone users. Since the day, when India’s No. 1 mobile (refurbish/resale/pre-owned) company has announced their week long sale, shoppers all over India are wondering what offers, how much discounts and what sorts of the deal they should expect from this mega event of re-commerce Company.

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Several rumors are there in the Indian telecom industry regarding yaantra week sale. But rumors are just rumors; this blog will blow all the rumors out of proportion and will give you complete overview of yaantra week sale:

Big Brands Availability

Shoppers you should get ready for buying branded refurbished smartphone in the upcoming week. The largest company in refurbished, unboxed and pre-owned smartphone is planning to introduce some of the latest segment of flagship smartphones during their Yaantra week sale.

However, it is still a mystery that exactly which brands will be there for the sale, but close source reveals that Xiaomi, Lenovo and Coolpad are few of the leading brands that will be available on sale.

Exciting Deals Are On the Way

Deals and big discounts are few factors behind India being largest online marketplace for the refurbished, unboxed and pre-owned smartphone. With company planning to come with such a big event, one should expect mega deals, amazing offers and big discounts on different series of budget phones.

You Can Save Bit of Extra on Prepaid Orders

In case, you are wondering to avail the cash on delivery option during yaantra week sale, you should know that you will get an option of saving bigger on pre-paid orders.

Can Get Specially Customized Smartphone

 It is challenging stuff to ask for your desirable smartphone when it comes to shopping budget phones from a re-commerce company. Unless & until you don’t have big brand like yaantra and their mega event like “Yaantra Week Sale.” The range of refurbished smartphone, which is hardly available on other re-commerce company, will be available at reasonable prices on yaantra during their upcoming mega sale.

With such a wide range of offers and discounts, the upcoming yaantra week sale is one exciting online sale for which shoppers all over India are getting their e-cards ready.

Branding, Electronics, smartphones

Yaantra Brings “Yaantra Week Sale” For Smartphone Lovers!

Yaantra, the largest online retailer for the refurbished, unboxed and pre-owned smartphones is coming up with their first ever Yaantra Week Sale starting from the month end, which will offer various upgraded smartphones of the most selling brands on yaantra’s website for shoppers to grab it.

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Yaantra Week Sale line-up includes brands like Apple, Samsung, Blackberry, Xiaomi, Lenovo, Micromax, Asus and much more will be available on sale. Not just this, one of the company’s close sources has revealed that company is planning to come up with one latest flagship smartphone in refurbished segment and the same is going to be the trump card for boosting their sale during this Yaantra Week Sale starting from 24th july 2017.

Highlighting the sale, company’s spokesperson said, “This will be one of our flagship programs that will bring best of all the budget phones at heavy discounted prices. We are humbled by the great response that shoppers had given to our previous few sale offers. However, Yaantra Week Sale will be something different and through this we are trying to start a legacy, which will continue for the next upcoming years.”

Besides the deals and discounts, shoppers will get to buy specialised segments of refurbished and unboxed smartphones, which are hardly available on other re-commerce sites and that too at such a discounted rate.

Branding, smartphones

Post GST Effects on Refurbished Smartphones

Last week was nothing short of havoc in the Indian telecom industry with the introduction of Goods & Service Tax (GST) by the government. The prices of smartphones have considerably increased, making it difficult for shoppers to buy. Smartphones lovers in India are finding it difficult to digest sudden hike in prices of the brand new smartphones. Will GST really impact the price of budget phones?

It doesn’t matter whether it is new or refurbished smartphone, GST has affected each of them. Now, the question arises that the so called budget phones, which are claimed to be affordable, are they still affordable?

No! GST has affected re-commerce sector immensely. Nevertheless, before reaching out to any conclusion, we have to understand how GST has affected re-commerce sector:

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BEFORE GST:

  1. When a consumer sells his old smartphone to the buyer (refurbisher). Then there is no VAT involved in this transaction because seller is not a registered entity
  2. On the other side, when refurbisher restores the old smartphone to fully working condition and sells the refurbished smartphone in the market, then he becomes liable to pay 5% VAT. Let me remind you one thing, that there is no VAT credited to refurbisher, since he had purchased old smartphone from an individual entity.
  3. What does this mean? It means, seller/manufacturer refurbisher had to pay the amount (VAT) from their pocket itself, which they were earlier deducted from their profit margins and this transaction was already proving to be a harmful one.

POST GST ERA

Since the implementation of GST, the VAT % has increased from 5% to 18%, cutting down the profit margins of the refurbisher to bare minimum. This dramatic hike in the VAT has made re-commerce sector non profitable and re-commerce companies are forced to increase the price of their products to survive in this difficult time.

However, despite the implementation of GST, there are number of leading companies in refurbished e-commerce sector including overcart, shoplcues, and yaantra.com who are still ensuring that their shoppers wouldn’t have to face the struggle while buying refurbished smartphone. These re-commerce smartphone companies are coming with daily deals, several offers and introducing several coupon codes consistently to allow customer to get relief.

CONCLUSION

While all of this is happening, we cannot deny the fact that it has become one hell of a trouble for these companies to survive after GST. Government needs to take some actions; probably they should lower down a certain percentage of tax to give some relief to the Refurbished companies.