Air-conditioners (ACs), refrigerators, washing machines, digital
cameras and video games are set to become cheaper with the government preparing
to lower the Goods and Services Tax (GST) on most consumer goods, sources told
NDTV on Wednesday. While the GST on ACs, digital cameras and video games is at
the highest slab of 28 per cent, refrigerators and washing machines are taxed
at the rate of 18 per cent. To simplify the indirect tax regime, the government
plans to move most goods to a GST of 18 per cent
and below.
The decision
could be cleared by the GST Council as early as Saturday.
The items likely
to get cheaper include water heaters, paints, perfumes, tractors, and auto
parts and accessories, the sources said.
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