At present, the GST on TVs with a screen size above 32 inch attract 28 percent GST while it is 18 percent on those with size of 32 inch and below.
Also, Sharma sought exemption of basic customs duty on imported television panels “to give the necessary thrust to the market.
“Similarly, we urge the government to lower GST rates for efficient products like air conditioners and refrigerators with a rating of 4 star and above, bringing them under the 12 per slab,” he added.
Earlier, industry body Consumer Electronics and Appliances Manufacturers Association (CEAMA) had also asked the government to reduce GST rate on air-conditioners from 28 percent to 18 percent and had advocated development of component ecosystem to promote local manufacturing.
“The industry has witnessed low to no growth in the last three years. Indeed, TV, AC, and Microwaves declines in 2018. Revival of growth, therefore, is the biggest ask that industry has from government,” had said President CEAMA and Business Head and EVP, Godrej Appliance Kamal Nandi.―Business Standard