Buzz of a likely rate reduction of tax on home appliances is growing louder by the day following rate rationalisation of mass-use items on November 10.
It may be recalled that the government had slashed goods and services tax (GST) from 28 per cent to 18 per cent on products such as shampoos, deodorants, air freshners, washing powder and detergents a fortnight ago, keeping only 50 items, which includes consumer durables, in the 28 per cent bracket.
Industry sources have told Business Standard that the apex body, Consumer Electronics and Appliance Manufacturers Association (CEAMA), has since made strong representations to