washing machines, refrigerators set to become cheaper as govt likely to slash gst rates on white goods

At present, white goods are under the 28% tax bill for goods and services.
Household appliances such as washing machines, refrigerators and air conditioners will become cheaper, and the government is reportedly considering reducing the GST on white goods.
At present, the above-mentioned items belong to the goods and services tax bill 28%.
Interest rate cuts are aimed at driving industry demand amid a slowdown.
Citing a senior official, the move is expected to help drive demand in the industry as repeated complaints about economic slowdown and overcapacity.
The official added that part of the reason for the lower tax on restaurants was also to get women out of household chores, starting with packing lunch for the children in the morning and extending into the middle of the night.
At the same time, compared with the above rumors, after tax on goods and services, eating out has not become cheaper (GST)
Air rate of 5%conditioned (AC)and non-
AC restaurant implemented last week.
This is because not every restaurant company passes the benefits of lowering the tax rate to customers, at least not exactly.
For example, during the 18% GST system, the average latte price of a coffee and coffee chain in Mumbai was RS 142, including 18% GST. e. Rs 120. 34 (
Basic price of coffee drinks according to invoice)+ Rs 10. 83 (
9% CGST according to invoice)+ Rs 10. 83 (
9% SGST according to invoice).
As the tax rate now falls to 5%, the price of this coffee drink should be reduced by Rs 15. 60 to Rs 126 i. e. Rs 120. 34 (
The basic price of coffee drinks is the same)+ Rs 3 (2. 5%, CGST)+ Rs 3 (2. 5%, SGST).
Not really!
This is because McCafe continues to charge customers a fee of Rs 142 for ordinary latte in its stores.
Xicheng life Development Co. , Ltd (WDL)
The main franchisees of McDonald\'s restaurants in western and southern India have achieved this, rather than keeping the basic price of coffee drinks at Rs 120.
34. express service restaurant (QSR)
The chain raised the price to RS 135.
24, and tax-Rs 3 increased by 5%. 38 (2. 5% CGST)+ Rs 3. 38 (2. 5% SGST)
-The difference between 142 rupees and 16 rupees (Rs 142-Rs 126).
When asked by DNA Money, a WDL spokesperson said, \"The government has lowered the GST from 18% to 5%, but has canceled the input tax credit (ITC).
As a result, our operating costs have risen by 10-12%.
At McDonald\'s, however, we believe in delivering the best value to our customers and delivering the benefits as much as possible.