• Tuesday, November 29, 2022

Asia

Government likely to slash GST rates on white goods

By: Eastern Eye Staff

Home appliances like washing machines, refrigerators, air conditioners among other items are set to become cheaper as the government is reportedly considering slashing down the GST rates on white goods. At present the above mentioned items come under the 28% tax slab of the Goods and Services Tax Bill. The move to cut down the rates has been aimed to push the demand in sector amid the slowdown. A senior official was quoted by Economic Times saying that the move is expected to help push demand in the sector, amid repeated complaints of a slowdown and excess capacity. The official added that…

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