Business Standard

Kitchen appliance makers take steps to pass on GST cuts to consumers

From talking to businesses to printing new price lists, companies take steps to pass on GST cuts to consumers


Viveat Susan PintoArnab Dutta Mumbai/New Delhi
Washing machine, refrigerator and kitchen appliance makers have begun the process of passing on the goods & services tax (GST) cut (of 10 percentage points) to consumers. On July 21, the GST Council brought the above-mentioned categories into the 18 per cent tax bracket from 28 per cent earlier, and gave companies time till the end of the month to initiate price changes on products.

Firms from Godrej Appliances to Haier, Samsung, Intex and Prestige Appliances are all talking to dealers, printing new price lists, fixing new labels on stocks lying with them and supplying new labels to dealers, in a

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First Published: Jul 31 2018 | 7:01 AM IST

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