In the festive season, every person does some shopping. But this time on festivals, everyday things like TV, AC will not put much weight on the pocket, the reason is the new GST rates. The GST Council has decided to simplify the tax slab. Currently, there are four main rates of GST 5%, 12%, 18%, and 28%. But now the government has proposed that these rates should be reduced to only two main slabs and 18%. All decisions of GST Council will be implemented from 22 September. But the question is, how much will this GST cut reduce the prices of Split AC? Let’s understand the whole account of this.

How low will AC prices be

If you too are thinking of taking AC in the coming time, then this is a relief news for you. Currently, the highest GST rate of 28% is applied to the air conditioner, which is being considered to be reduced to 18 percent. As soon as the proposal is implemented, it will directly affect the prices of AC. After the reduction in GST, the prices of AC can be reduced from Rs 1500 to Rs 2500.

How will the price be low

If you talk about the old GST rate (28%), then suppose a 1.5 ton AC price is Rs 41990 because 28% GST is charged, then its base prize is Rs 32,805. Whereas with the implementation of the new GST rate i.e. 18%, its price will be reduced to Rs 38,709. That is, the prices of AC will save about 3 thousand rupees. This change will not only bring relief for consumers, but can also promote the sales of AC in the festive season.

Common man will get great relief

Before this new GST rate, where the common man used to think about the high prices of AC and fear of electricity bill many times, he can now take advantage of this change. The price of GST is 28% to 18% can reduce the price of Split AC from Rs 1,500 to 2,500. Which depends on the model and price. This is not only beneficial for consumers, but will also give new pace to the AC industry.

Also read- After GST cut, whether the installment of LIC will also be cheaper, know how much will be benefited