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GST CUT ON ACS
Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....- Shelter from Spike 'n' Supply Storm: West Asia tensions test India Inc’s resilience to energy shocksEscalating tensions in West Asia highlight India’s vulnerability to energy and logistics disruptions. Even without supply cuts, higher frei...
- LG records hot sales as it sells 1 million ACs in CYQ1; Co to expand Sri City plantLG Electronics India achieved a record start to the summer season selling over one million air conditioners in the January-March quarter of...
- Consumption slowdown in Q4 to spoil full year's sales showConsumer electronics and smartphone sales in India experienced a significant slowdown in the March quarter. This trend impacted the overall...
- Festive demand, GST cuts to power Q3–Q4 growth; India Inc likely to clock 8–10% revenue rise: ICRAICRA expects India Inc to post 8–10% revenue growth in Q3 FY26, driven by festive demand, GST rate cuts, easing inflation, and recent inter...
- For large appliance makers, revenue growth expected to moderate in 2025-26: CrisilLarge appliance makers anticipate slower revenue growth this fiscal year. A GST cut on ACs and large TVs is expected to boost sales in the ...
- Samsung's appliances business grows 1.3 times in Navratri, premium TV sales doubleSamsung India reported strong growth in its appliances business during Navratri, driven by GST reforms and promotional offers. Premium tele...
- Urban Company eyes ACs foray via in-house co Native: sourcesThe Gurgaon-based company, which offers a host of home services such as spas and AC repairs, already sells water purifiers and electronic s...
- How GST cuts will change what you pay from Sept 22With GST rates slashed on numerous goods and services, companies are gearing up to revise prices and extend the benefits to consumers by Se...
- GST buzz slows festive sales as India's aam aadmi awaits PM Modi's Diwali giftIndia anticipates GST rate revisions. Consumers delay purchases, expecting lower prices on cars, electronics. Festive season sales slow dow...
- GST reduction to help AC makers gain ground, prices to go down by up to Rs 2,500Appliance manufacturers anticipate a boost during the festive season. The government plans to lower the GST on air conditioners from 28% to...
- Rs 2.4 lakh crore GST boost! Jefferies, Morgan Stanley decode impact on stocks, economyPrime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh...
- IFB Industries, PG Electroplast, Voltas and other consumer durable shares rally up to 20% on GST cut hopesConsumer durable shares rallied on Monday as hopes of a GST cut ahead of Diwali lifted sentiment. IFB Industries surged 20% to Rs 1,538.75,...
- Lower GST may heat up demand for packaged foods, daily essentialsProposed lower GST rates are anticipated to boost demand for packaged food, daily essentials, televisions, and air conditioners, potentiall...
- MeitY, DPIIT urge lower GST on ACs, high-end TVsThis is the first time that the ministry and DPIIT have pushed for a reduction in GST on these products.
- Anti-Profiteering body will push companies to pass on GST benefits to consumersThe government said the Cabinet decision was “following up immediately on yesterday’s sharp reduction in the GST rates of a large number of...
- Eating out, items of daily use get cheaper on lower GSTLarge retail outlets have also started advertising the downward revised prices of FMCG items like Shampoo, detergent and beauty products on...
- GST rates slashed on many items, here's what got cheaper and other major announcementsNot only GST on a number of items have been slashed, the GST Council also slashed tax on restaurants and gave major reprieve to traders and...
- Industry welcomes GST reduction in over 200 itemsIndustry body Assocham said the decision of the GST Council would lead to a pick-up in consumer demand and significantly revive the busines...
- Is your restaurant overcharging you in the name of GST? Learn how to decode the billGST, which came into effect on July 1, subsumes 17 indirect taxes and 22 cesses at different rates across different states.
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