GST Impact on Home Appliances
Last Updated : July 23, 2018, 2:39 p.m.
The entire nation has set themselves on a spectator mode for witnessing the after effects of GST, as the new tax regime was implemented in all the spheres, pushing the prices to rise further. However, post its implementation, the GST council has had made multiple changes in the tax slabs. Recently, in the 28th GST council meet, the rates on several consumer durables like televisions, air conditioners, refrigerators, washing machines, video games, trailers and inverters have been reduced.
Pre-GST taxes used to levy on account of central excise duty rates, VAT rates or weighted average VAT rates, Octroi, Entry Tax and among others. GST rates for 17 consumer goods including washing machines, refrigerators, TVs, video games, vacuum cleaners, trailers, juicer mixer, grinders, shavers and hair dryers, water coolers, water heaters, lithium-ion batteries and electric iron slashed from 28 percent to 18 percent.
Let’s check out the differential range of prices in a series of home appliances which definitely going to put pressure on every consumer’s pocket.
GST Impact on Televisions
Pre-GST consumers paid 23 to 28 per cent tax on televisions. Some states charge octroi at 5 per cent over and above this. Television sets could become marginally expensive at places which don’t levy octroi, such as Delhi. For places like Mumbai, prices could decline marginally. Let’s see the differential impact television could create in your plan out purchase.
| Television types/brand | Current price(Pre-GST) | Post-GST Price | Net Difference |
|---|---|---|---|
| LG OLED 77W7 | ₹ 30 lakh | ₹ 31.5 lakh | 5% increase |
| Samsung Q9F QLED TV | ₹ 24.99 lakh | ₹ 26.24 lakh | 5% increase |
| Sony Bravia KD-65X9300D 65 Inches | ₹ 3.14 lakh | ₹ 3.29 lakh | 5% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
GST Impact on Refrigerators
Are you planning to go for a size of the refrigerator that can comfortably weigh your pocket? Well, with post GST effect, still you can measure the differential weight which is likely to add up to your pocket. The foundation models of refrigerator you would choose will definitely match up with its style and variation as well as with the space of your home where you would store. Although the octroi charges differ from state to state but for metropolitan cities like Delhi and Mumbai, refrigerators could marginally become expensive. Let’s check out the rate variation on some brand/models of the refrigerators that are going to bring a revolution in your purchase price.
| Refrigerator types/brand | Current price (Pre-GST) | Post-GST Price | Net Difference |
|---|---|---|---|
| Samsung RF28K9380SG | ₹2.65 lakh | ₹2.78 lakh | 4.90% increase |
| LG GR-D35FBGHL | ₹3.35 lakh | ₹3.51 lakh | 4.77% increase |
| Whirlpool Fp 263D Royal Frost-free Double-door Refrigerator (240 Ltrs) | ₹28,925 | ₹30,371 | 4.99% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
GST Impact on Air Conditioners
Pre-GST, the tax scenario on air conditioners was 23% which now have got increased to 28% after official declaration of GST. Let’s find out the impact of GST on preferred most brand of air conditioners.
| Type of Air conditioners/Brands | Current price (Pre-GST) | Post-GST Price | Difference |
|---|---|---|---|
| Blue Star 1 Ton 5 Star Split Air Conditioner | ₹ 39,000 | ₹40,950 | 5% increase |
| Voltas All Weather Air Conditioner | ₹ 40,490 | ₹ 42,515 | 5% increase |
| Hitachi 1.5 Ton 5 Star Window Air Conditioner | ₹ 28,485 | ₹ 29,909 | 5% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
Don’t let the summers create the catastrophic effect on your purchase plans? Act smartly, when GST gives a trolling effect in restraining your heavy purchase. A little saving plan or opting for bank offers like EMI can do some justice to your purchase.
GST Impact on Washing Machines
Whether Semi-Automatic, Fully Automatic, Top Loading & Front Loading Washing Machines whichever you plan to buy are all set to prove costly on your wallet. With 28% GST impact, every make and model of washing machines will carry on its MRP post July 1, ushers a falter shopping experience across all dealers. Let’s examine the differential price on the type of washing machine you’re planning to buy.
| Type of Washing Maching | Current price (Pre-GST) | Post-GST Price | Difference |
|---|---|---|---|
| Premium IFB Front Loading, 7 kg washing machine | ₹48,980 | ₹51,292 | 4.72% increase |
| Godrej top loading machine | ₹23,570 | ₹24,737 | 4.95% increase |
| Semi Automatic Washing Machine (8.5 Kg) | ₹15,275 | ₹15,991 | 4.69% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
Impact of GST on Gas Stove
Post July 1, cooking in every household is going to ablaze as gas stoves too will become costly. Taking a view on 28% tax regime under GST, all set to add fumes on the extra penny that you are going to shell out post GST. Have a look on the marginal increase in every brand of gas stove pre and post-GST scenario, giving harshness to your existing budget regime.
| Type of Gas Stove/Brands | Current price (Pre-GST) | Post-GST Price | Difference |
|---|---|---|---|
| Sunflame Pearl 3 Burner Gas | ₹ 4,049 | ₹ 4,244 | 4.82% increase |
| Prestige Marvel Glass-Top Gas Tables, Gtm 03l, 3 Burner | ₹ 3,995 | ₹ 4,178 | 4.59% increase |
| Pigeon Troika Glass-ceramic 3 Burner Gas Stove, Black | ₹ 6,090 | ₹ 6,393 | 4.98% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
GST Impact on Microwave Oven
Does baking your favourite cookies or cakes seems to become costly? Well, take a view on 28% tax regime under GST which will squeeze your pocket.
| Type of Microwave Oven/Brands | Current price(Pre-GST) | Post-GST Price | Difference |
|---|---|---|---|
| LG All In One Microwave Oven MJ3286BRUS | ₹ 34,420 | ₹ 35,986 | 4.55% increase |
| Jet Chef 33 LConvection Microwave Oven (33 Ltr) | ₹ 32,990 | ₹ 34,640 | 5% increase |
| Godrej InstaCook Convection Microwave Oven GME 34 | ₹ 20,610 | ₹ 21,636 | 4.98% increase |
All prices are MRP; prices after GST are estimates taking into account 28% GST. Now the GST has been reduced to 18%.
At last, the overall price hike in the coming two-months no doubt can be harsh for purchases but the dealers have plans to roll up their prices back at pre-GST level once they will start availing input tax credit from the freshly purchased raw material which in no time can suppress the price level to regain its originality.
