GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA
According to Consumer Electronics and Appliances Manufacturers Association (CEAMA), consumer durable firms are expecting sales of TVs, refrigerators and ACs to be impacted in July-August once the GST comes into implementation on July 1.
The GST Council has finalised tax rates for services under the new regime set to kick in from July 1, earmarking a 28% rate for TVs, refrigerators and air-conditioners (ACs). Representational Image. Image Source: Pixabay