Following changes in GST rates, purchasing air conditioners and large-screen TVs is set to become more affordable. The central government has decided to reduce the GST from 28% to 18%, which will bring significant price relief to consumers. These new regulations will be effective from September 22nd. Let’s explore how much money you could save when buying TVs and ACs.
Under the new policy, televisions, air conditioners, dishwashers, and monitors will now attract only 18% GST instead of 28%. This change will be a major relief for consumers, particularly during the festive season when demand is highest. This will make these products more affordable.
As a result of the GST rate cut, a mid-range air conditioner can become cheaper by approximately ₹1,500 to ₹2,500. A more significant price drop may be seen on air conditioners with higher tonnage capacity, offering customers better quality products at lower prices.
For instance, if an air conditioner costs ₹35,000, the price could be reduced by around ₹3,150 after the GST cut. Previously, with a 28% GST, the tax was approximately ₹6,800, which will now be about ₹3,150 with an 18% GST. This means that an air conditioner priced at ₹35,000 could now be available for around ₹31,850. This represents savings of more than ₹3,000.
Large LED and LCD televisions (32 inches and larger) will also have an 18% GST instead of 28%, leading to a price reduction of ₹1,000 to ₹5,000. This is a great opportunity for customers looking to buy smart TVs with large displays.
For example, if a TV costs ₹20,000, you will save about ₹2,000 after the GST cut. Previously, with a 28% GST, the tax was approximately ₹5,600, which will now be reduced to approximately ₹3,600 with an 18% GST. This will bring the total price of the TV from ₹23,600 to approximately ₹21,600. This will benefit customers significantly.
The GST cut is expected to reduce prices in the electronics market, boosting sales during the festive season and providing consumers with excellent offers. If you’re considering buying a new AC or TV, the time after September 22nd could be most beneficial for you.
