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The decision of the Goods and Services Tax Board (GST) to rationalize tax rates on nearly 100 items has met with mixed reactions from manufacturers of these products
. The washers and refrigerators were reduced by 28 to 18%, televisions and air conditioners were not.
TV screens ranging up to 27 inches saw the GST rate reduced to 18% (by 28%) cent, while air conditioners did not benefit from any relief .
"The air conditioners did not participate in this streamlining of tariffs, although we hoped it would happen," said B Thiagarajan, deputy general manager of Blue Star.
"The only relief I can see for ourselves is that the GST on ice cream freezers has been reduced from 28% to 18%," he said.
Blue Star, for the record, is a manufacturer of chillers and freezers, which are part of the commercial refrigeration division. However, air conditioners remain its most popular category
Meanwhile, TV makers are unhappy that only part of their portfolio has seen a rate cut, while the other half do not have it. has not been.
the back of the big screens. While the reduction of the GST on small screens is welcome and TV manufacturers are quickly pbading on the benefits in this segment, it would have helped if the GST on large TV screens was also reduced, "said Eric Braganza, President of Haier Appliances India.
ALSO READ: After sharp rate cuts by the GST Board, only 35 goods remained in the 28% tax bracket
Even sanitary napkin manufacturers are unhappy after falling into Exempt List "This measure will not benefit the domestic industry," said Kamal Johari, general manager of Nobel Hygiene, which manufactures feminine hygiene products as well as diapers for babies and adults.
pay 18 percent GST on inputs used to make sanitary napkins. 12% GST 100 on the finished products allowed us to enjoy compensation (against the input tax), which will not be available now. This will prevent us from locally manufacturing sanitary napkins, which will boost imports, "he said
ALSO: Synthetic textiles will become 5 to 7% cheaper on the rate of reduction of the GST on the fabric [19659010] The paint manufacturers said that they will pbad the 10% benefit on the GST that they received because they were subject to the 18% tax. "It was highly anticipated and it's a huge relief," said H M. Bharuka, general manager of Kansai Nerolac. "We will reduce prices once the notification is made," he added.
The last cycle is the second in terms of rate cuts after November 2017, when more than 170 products were streamlined. The current cycle is expected to give a huge boost to consumption as the holiday season approaches
"The first half was difficult due to the changes of policy, rupee depreciation and commodity inflation. "said Kamal Nandi, chief executive and executive vice president of Godrej Appliances." The second half should be better after the latest announcement and will improve demand with the price cuts that appliance manufacturers will take after the reduction in the GST rate, "he adds
.
Sunil D & 39 Souza, General Manager, Whirlpool of India, said, "By streamlining rates for basic appliances such as refrigerators and washing machines, the government is now reaping the benefits of implementing the GST until the end of the year. last kilometer. "
Gunjan Srivastava, General Manager Al and CEO of BSH Household Appliances, said, "The lower rates will give a boost to the home appliance market because they are indispensable in every home today. These products are no longer a luxury and lower prices will help raise demand. "
Nidhi Markanday, director of Intex Technologies, said:" The drop in rates on durable goods and energy banks is eagerly awaited. We will rework the prices and announce the fall of prices well before the holidays. "
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