GST Rate List and Its Impact On Home Appliances

GST Rate List and Its Impact On Home Appliances

The moment GST came in India, it would not be wrong to say that almost everything has changed. If the prices of some items have increased while some have witnessed a downfall. In case you don’t know about GST rate list, all you need to do is just go through the article below. The Government made an announcement almost a year ago regarding this new-indirect tax regime that basically includes the classification of taxes being implemented on different products and services. So, if we talk about the different tax brackets, they include- 5%,12%,18% and 28%, covering different products and services. This in-direct tax is now a reality in the country and is being levied on many products and services. And, if we talk about the home appliance, GST has created its impact on many such items. Without any further delay, let’s just come to the point and give you the insights about pre and post GST scenario on multiple home appliance in the article below.

So, let’s just see the impact of this in-direct tax regime on some of the commonly household appliances.

Televisions

Before GST came into existence, the customers need to pay 23% to 28% tax on the same. In fact, some States also used to charge an Octroi of 5% and above. But it would be interesting to know what happens post- GST? So, let’s see a differential impact in the article below.

Television Types/Brand: LG OLED 77W7

Pre GST:₹ 30 lakh

Post GST:₹ 31.5 lakh

Net Difference:5% increase

Television Types/Brand: Samsung Q9F QLED TV

Pre GST:₹ 24.99 lakh

Post GST:₹ 26.24 lakh

Net Difference:5% increase

Television Types/Brand: Samsung Q9F QLED TV

Pre GST:₹ 24.99 lakh

Post GST:₹ 26.24 lakh

Net Difference:5% increase

Television Types/Brand:Sony Bravia KD-65X9300D 65 Inches

Pre GST:₹ 3.14 lakh

Post GST:₹ 3.29 lakh

Net Difference:5% increase

After looking at three different scenarios, you can easily see the difference and make your decision.

Refrigerators

Now let’s take a look at another product and discuss what it has in store for you. Let’s compare the same and see..

Types/Brands:Samsung RF28K9380SG

Pre GST:₹ 2.65 lakh

Post GST:₹ 2.78 lakh

Net Difference:4.90% increase

Types/Brands:LG GR-D35FBGHL

Pre GST:₹ 3.35 lakh

Post GST:₹ 3.51 lakh

Net Difference:4.77% increase

Types/Brands:Whirlpool Fp 263D Royal Frost-free Double-door Refrigerator (240 Ltrs)

Pre GST:₹ 28,925

Post GST:₹ 30,371

Net Difference:4.99% increase

Air Conditioners

Talking about air conditioners, pre- GST the tax levied on them was 23%, which has now increased to 28% . Let’s just get more clarity on the same in the article below.

Type/Brand:Blue Star 1 Ton 5 Star Split Air Conditioner

Pre GST:₹ 39,000

Post GST:₹40,950

Difference: 5% increase

Type/Brand:Voltas All Weather Air Conditioner

Pre GST:₹ 40,490

Post GST:₹ 42,515

Difference: 5% increase

Type/Brand:Hitachi 1.5 Ton 5 Star Window Air Conditioner

Pre GST:₹ 28,485

Post GST:₹ 29,909

Difference: 5% increase

Hope this article on GST rate list will give you enough insights on home appliances. Come back for more later!

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