Tuesday, August 19, 2025

Creating liberating content

ITR filing: The tax department classifies income from derivatives trading

Jaque Silva | Nurphoto | Getty Images OpenAI on Tuesday

Jonathan Raa | Nurphoto | Getty Images Shein is considering

Related News

ITR filing: The tax department classifies income from derivatives trading as business income. (AI image) ITR filing FY 2024-25: Profits and losses from futures and options (F&O) trading have to

Jaque Silva | Nurphoto | Getty Images OpenAI on Tuesday launched a subscription plan in India priced at 399 rupees ($4.57) a month, the ChatGPT maker’s most affordable offering yet,

Proposed changes in the Goods and Services Tax (GST) structure could temporarily push up India’s fiscal deficit, but the growth benefits are expected to outweigh the short-term setback, according to

Jonathan Raa | Nurphoto | Getty Images Shein is considering moving its headquarters back to China from Singapore in a bid to convince Beijing authorities to approve the online fast-fashion

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Steel, and Titan are the top

Siddhartha Khemka, Head of Research at Wealth Management, Motilal Oswal, says, “We remain optimistic about Indian equities for the next 6-9 months.” (AI image) Stock market today: Nifty50 and BSE

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Prices of ACs, larger TVs, dishwashers set to dip 8%

Word Count: 722 | Estimated Reading Time: 4 minutes


Prices of ACs, larger TVs, dishwashers set to dip 8%

NEW DELHI/MUMBAI: Expect a bumper Diwali for consumers as plans to rationalise and reduce GST rates on ACs, televisions (above 32-inch) and dishwashers will see retail prices come down by as much as 7-8%, leading to price cuts from a few thousand rupees to over Rs 10,000 on premium products.The industry said the decision, particularly around Diwali, will result in mega festive sales, something which will also help shrug off any negative sentiments flowing in due to geopolitical concerns, IT slowdown, or US tariffs.The GST cut will easily be one of the steepest consumer price cuts in a segment that has been stagnating for years, especially as incomes of buyers in the entry categories never matched price increments.“It will be a super Diwali this time around. Expect price cuts of up to 8% across categories,” Manish Sharma, chairman of Panasonic Life Solutions India and South Asia, told TOI . He said that most of the pre-festive sales are likely to shift towards Diwali as consumers will purchase as and when the cuts happen.

Prices of ACs, larger TVs, dishwashers set to dip 8%

To Wipe Out Negative Sentiment

Currently, the categories of ACs, larger TVs and dishwashers are taxed at 28%, which is now likely to go down to 18% GST rate.Sunil Vachani, chairman of Dixon Technologies, which is the country’s biggest contract manufacturer, said that the measure will help generate demand and will specially encourage the transition to bigger TVs and other premium products.“The industry expects that demand for TVs with sizes upwards of 40 inches will go up significantly, which will lead to premiumisation of the category. Also, categories such as ACs and dishwashers still have lower penetration and should get a boost by price cuts as GST rates come down,” Vachani said.Sources said that companies such as Samsung, LG, and Sony have started to ramp up production, specially of premium variants, in view of the expected cut in GST rates.“With rising temperatures, cooling appliances like ACs are no longer a luxury and have become a necessity. However, the AC penetration levels in India is still low at 910%.GST reduction on ACs can help make it more affordable for the masses and improve the quality of life for many Indians,” said Kamal Nandi, business head (appliances business) at Godrej Enterprises Group.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account