The GST (goods and services tax) Council’s decision on Saturday to rationalise tax rates of nearly 100 items has evoked mixed reactions from companies who make these products.
While home appliance makers are a happy lot, since the GST on washing machines and refrigerators has been slashed from 28 per cent to 18 per cent, television (TV) and air conditioner makers are not.
TV screens up to 27 inches have seen the GST rate cut to 18 per cent (from 28 per cent), while air conditioner makers have not been given any relief at all. “Air conditioners have not been part of