New Delhi, Sep 4
India’s electronics and appliance industry leaders praised GST rationalisation as a landmark reform that will simplify taxation, increase disposable incomes and boost consumer demand.
The government reduced GST on key home appliances like air conditioners, big-screen televisions, dishwashers, refrigerators, washing machines, vacuum cleaners, microwave ovens and other home appliances from 28 per cent to 18 per cent, making them more affordable for the festive season. The GST rates for smartphones and laptops remain unchanged at 18 per cent
Pankaj Mohindroo, Chairman of the India Cellular & Electronics Association (ICEA), said the GST overhaul creates predictability and strengthens the foundation for growth.