TVs And ACs Become Cheaper , Here Yor Read The New Price
If you’re planning to buy a new TV or AC, there’s good news for you. The government has reduced the GST rate on consumer durables like TVs and air conditioners from 28% to 18%. This change will take effect on September 22nd.
Following changes in GST rates, purchasing ACs and large-screen TVs will become even cheaper. The central government has decided to reduce GST from 28% to 18%, providing significant price relief to consumers. The new rules are set to take effect on September 22nd. Let’s understand how much you can benefit from purchasing TVs and ACs.
Impact of GST reduction
Under the new policy announced by the government, electronic appliances like TVs, ACs, dishwashers, and monitors will now attract only 18% GST instead of 28% . This change will prove to be a major relief for consumers, especially during the festive season when demand for these items is highest. This will make purchasing these products cheaper.
READ MORE : is masoor dal non veg
How much will the prices of AC decrease?
Due to the GST rate cut, a mid-range air conditioner could now become cheaper by approximately ₹1,500 to ₹2,500. Larger tonnage ACs may see even greater price reductions, providing customers with better quality products at affordable prices.
For example, if an air conditioner costs ₹35,000, the GST reduction could result in a price savings of up to ₹3,150. Previously, when the 28% GST was implemented, the tax would be around ₹6,800, which would now be reduced to approximately ₹3,150 with the 18% GST. This means that an air conditioner costing ₹35,000 could now be found for around ₹31,850, resulting in savings of over ₹3,000.
You will be able to buy big screen TVs cheaply
LED and LCD televisions larger than 32 inches will now be subject to 18% GST instead of 28%, which could reduce their prices by ₹1,000 to ₹5,000. This is a great opportunity for customers looking to purchase smart TVs with large displays.
For example, if a TV costs ₹20,000, you’ll benefit by approximately ₹2,000 after the GST reduction. Previously, the tax rate at 28% GST was approximately ₹5,600, but now, with 18% GST, the tax will be reduced to approximately ₹3,600. Consequently, the total cost of the TV will be approximately ₹21,600 instead of ₹23,600. This will significantly benefit consumers.
Many electronic items will be cheaper
The GST reduction is expected to lower prices in the electronics market, boosting sales during the festive season and allowing consumers to benefit from exciting offers. If you’re considering purchasing a new AC or TV, the time after September 22nd may be most beneficial.
ALSO READ : side effects of eating eggs everyday
