Consumer appliance makers seek lower GST on large-screen TVs, air-conditioners, refrigerators

Consumer electronic goods makers have sought lowering the GST rate to 12 per cent on appliances like large-screen televisions, air-conditioners and refrigerators, in their Budget wish list to the government.

The consumer durables industry is of the view that these items are now household necessities and do not come under the luxury goods category anymore.

Companies such as Sony India and Panasonic feel that there is a need to boost demand in the consumer appliances sector and lower taxes can help manufacturers pass on the benefits to buyers.

Besides, these firms are seeking exemption of basic customs duty on imported TV panels that are assembled here in India to give a necessary push to the market.

"I am really hoping that the government does something. It is in our wish list," Sony India Managing Director Sunil Nayyar told PTI when asked if the company was hopeful of reduced GST rates on big-screen television sets.

He further said that lower GST rates will ultimately help the government increase its revenue as more and more people will tend to buy such goods. "It's a win win. It's up to them as how they structure this discussion and come to an appropriate thought process. We are expecting and hopeful. Let's see."