GST Cut To Reduce AC Prices By Rs 2,000–3,000, Offsetting Energy-Efficiency Price Hike: Report
New Delhi: Reduction in the Goods and Services Tax for room air conditioners (RAC) is set to lower consumer prices up to Rs 3,000, beyond the anticipated cost increase from new energy efficiency norms, a report said on Thursday. The GST reduction on sub-2-tonne RACs is likely to bring down prices by approximately 6–8 per…