What is instant discount in Flipkart?
Instant discount on Flipkart – Terms and Conditions Offer Details: From 6-31st every month the customer will get 5\% instant discount on products sold on Flipkart.com, m.flipkart.com & mAPP (“Offer”) upto a maximum of Rs. 200 per month.
What is Amazon discount?
In a new program, Amazon is lowering prices on items sold by its online marketplace merchants and funding the discount. “When Amazon provides a discount, customers get the products they want at a price they’ll love, and small businesses receive increased sales at their listed asking price,” an Amazon spokeswoman says.
Does Flipkart have a say in product prices?
Still, Flipkart, Amazon and Snapdeal do actually have a significant say in deciding product prices as all the three sites finance part and, in some cases, the full amount of discounts offered by sellers albeit in an indirect manner, according to six people with direct knowledge of the matter.
How do e-commerce companies like Flipkart and Amazon get discounts on products?
Bangalore/New Delhi: E-commerce companies including Flipkart, Amazon and Snapdeal are funding discounts on their sites using mechanisms as complex as the complicated structures some have adopted to circumvent foreign direct investment (FDI) laws in India.
What is WS Retail on Flipkart?
WS Retail Services Pvt. Ltd, a seller on Flipkart, accounts for more than 75\% of the site’s sales. For products sold by WS Retail, Flipkart doesn’t fund discounts. However, with other sellers, Flipkart suggests prices but unlike Amazon doesn’t typically pay the amount of discounts to sellers by cheque.
What is a debit note on Amazon?
The debit note also includes service tax that the seller collects from Amazon on the amount of the discounts. The seller then pays the service tax to the central government. In effect, the amount of discounts are currently being treated under central service tax laws rather than state tax laws.