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GST on air conditioners will be reduced from 28% to 18% starting 22 September
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GST on televisions above 32 inches will increase from 18% to 28% from 22 September
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GST on monitors and projectors will be cut from 28% to 18% from 22 September
The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced on Wednesday a sweeping cut in tax rates on electronics appliances.
The GST rate on air conditioners will be reduced from 28% to 18%. All rates will go into effect on Sept. 22.
Televisions (above 32 inches, which includes LED and LCD TVs), will also see GST go down to 28% from 18%, according to a press release from the central government on Wednesday. Small screen television sets were already at the GST tax rate of 18%.
Monitors and projectors will also be applicable for the reduction to 18% from 28%. Dishwashing machines will also have a similar tax exemption reducing 10% from 28% to 18%.
The central government also reduced the taxation slabs from four slabs to two slabs of 5% and 18% respectively.
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