New Delhi, 23 September (IANS). Experts said on Tuesday that GST reforms have been implemented now and the festive season is seeing a tremendous bounce in the country’s domestic electronics industry with different online cells on e-commerce platforms.
Industry experts have welcomed the GST rate cut on items such as air conditioners, television and dishwashers, which is less than 28 percent to 18 percent.
ICEA Chairman Pankaj Mohindru said that it was a long -standing demand of industries. With the new GST improvement, equipment will be cheap, domestic demand will increase, consumption will be promoted, which will be important in increasing electronics manufacturing in India overall.
He expressed hope that we believe that GST reforms will later be introduced for smartphones and laptops, with which the GST rate on these items will be reduced from 18 percent to 5 percent. With this step, the price of smartphones and laptops will be low and digital increments will also be boosted.
With the implementation of the new GST rates, a significant increase in the number of customers has been recorded in the consumer durable store across the country.
Tarun Pathak, research director of Counterpoint Research, told the news agency IANS, “We have seen a great response on the first day of the cell. There is a positive atmosphere on all the channels. In the electronics we saw that the purchase is being interrogated with many types of product categories. Are. “
Promotion of simple GST structure and festive season can increase the sales of smartphones in association with attractive discounts.
Prabhu Ram, Vice President of Industry Research Group (IRG) in CMR, told IANS, “The devices with low tax rates become cheap, which can upgrade or replace the old devices. Customers will prioritize new purchases with additional disposable income.
-IANS
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