GST effect: Pay more to buy home appliances from today

July 01, 2017 16:06

People planning to purchase white goods will have to shell out more money from today as most appliances and durable makers have increased their prices in the new tax regime under GST.

Durable makers would also go for another hike before the festive seasons as the industry is considering a price revision based on input credit, when their existing stock of raw materials and components would replenish.

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