Mint Explainer | Why, despite a GST cut, Indian consumer durables sector is not celebrating yet? - Mint

What was the GST rate change for consumer durables? Consumer durables like smart TVs, smart refrigerators, air-conditioners and washing machines were moved to 18% GST from the earlier 28%. Mobile phones and laptops continued to be taxed at 18%, unchanged from earlier rates. This led to subdued buying in Q2 as customers waited for GST cuts to take effect in September. Analysts at JM Financial predi…