New Delhi, May 29, 2017: “We welcome GST as a reform for the industry. We were expecting home appliances to come in the 18% tax slab, as these have become a necessity in today’s fast- evolving consumer lifestyle, and in a low penetrated market this would have made appliances more affordable. However, the government has announced a slab of 28% for home appliances which will increase prices by approximately 2%. This uniform tax structure and its consequent ease of doing business will propel growth in the industry.”
Corporate Comm India(CCI Newswire)
