Quote || Tax Slab on Appliances || Mr. Kamal Nandi, Business Head and EVP at Appliances Business of Godrej Enterprises Group 

Kamal Nandi, Business Head & EVP at Appliances Business of Godrej Enterprises Group, said, “We welcome the drop in GST rate for air conditioners and dishwashers from 28% to 18%. Given the increasingly harsh summers in India, air conditioners are no longer a luxury and go a long way in improving the day to day quality of lives for consumers improving their productivity levels. ACs are estimated to be at around 10% penetration levels (dishwashers are at negligible penetration). The drop in GST improves affordability for consumers and is expected to improve product penetration levels over time. Overall going beyond the industry as well, the GST rationalisation for commonly used items is a welcome move and will help improve consumer sentiments.”