The Indian government has provided significant relief to the public ahead of the festive season. Following a GST Council meeting on September 3rd, major changes were made to the GST slabs. The 12% and 28% slabs have been eliminated, leaving only the 5% and 18% slabs. Several items used in homes will now be cheaper than before. For instance, purchasing Smart TVs and Air Conditioners will be more affordable after September 22nd.
Smart TVs and air conditioners previously attracted a 28% GST. However, these home appliances will now be subject to an 18% GST. This means a lighter burden on the public’s pockets, making these products more accessible.
Here’s a detailed calculation to illustrate the price changes. Let’s examine the price difference for 43-inch and 55-inch TVs, as well as for ₹25,000 and ₹35,000 ACs. It’s important to note that the government has not altered the GST slab for 32-inch TVs; the GST reduction applies to TV models with screen sizes larger than 32 inches.
**Calculation for 43-inch Smart TV**
* 43-inch TV Price (Flipkart): ₹22,499
* 28% GST: ₹6,299
* Previous TV Base Price: ₹16,200
* 18% GST: ₹4,274
* Current Price of 43-inch TV: ₹20,474
* Savings: ₹2,025
**Calculation for 55-inch TV (₹31,999)**
* 55-inch TV Price (Flipkart): ₹31,999
* 28% GST: ₹8,959
* Previous TV Base Price: ₹23,039
* 18% GST: ₹4,147
* Current Price of 55-inch TV: ₹27,186
* Savings: ₹4,813
**Calculation for ₹25,000 AC**
* 1.5 Ton Window AC Price (Flipkart): ₹25,990
* 28% GST: ₹7,277
* Previous 1.5 Ton AC Base Price: ₹18,712
* 18% GST: ₹3,368
* Current Price of 1.5 Ton AC: ₹22,080
* Savings: ₹3,910
**Calculation for ₹35,000 AC**
* 1.5 Ton Split AC Price (Flipkart): ₹35,990
* 28% GST: ₹10,077
* Previous 1.5 Ton Split AC Base Price: ₹25,912
* 18% GST: ₹4,664
* Current Price of 1.5 Ton AC: ₹30,576
* Savings: ₹5,414
