Buying AC and TV will be cheaper after changes in GST rate. The central government has decided to reduce the GST rate from 28% to 18%, which will provide considerable relief to consumers. The new rules will be applicable from September 22.
Under the new policy announced by the government, electronic devices like TV, AC, dishwasher and monitor will now be charged only 18% GST instead of 28%. This change will provide great relief to consumers. Especially in the festive season, when the demand is high, the purchase of these products will become cheaper.
Due to the GST rate cuts, medium -class air conditioners can now be cheaper from about ₹ 1,500 to ₹ 2,500. The prices of large capacity AC may be even lower, which will provide good quality products at a low price.
For example, if the price of an air conditioner is ₹ 35,000, then GST reduction can save about ₹ 3,150. Earlier, when 28% GST was applicable, the tax on air conditioner was around ₹ 6,800, which will now be reduced to about ₹ 3,150 with 18% GST. That is, an air conditioner of ₹ 35,000 can now be available for around ₹ 31,850, which will save more than ₹ 3,000.
LEDs, larger than 32 inches and LCD TV will now levy 18% GST instead of 28%, which can reduce prices from ₹ 1,000 to ₹ 5,000. This is a great opportunity for consumers wishing to buy smart TVs with large displays.
For example, if the price of TV is ₹ 20,000, then you will get a profit of around ₹ 2,000 after the GST cut. The tax under the first 28% GST was around ₹ 5,600, which will now be reduced to about ₹ 3,600 with 18% GST. As a result, the total price of TV will be around ₹ 21,600 instead of ₹ 23,600. If you want to buy a new AC or TV, the time since September 22 can be the most beneficial.
