New Delhi: Groupe SEB India, Subsidiary of French conglomerate Groupe SEB, has acknowledged reduction of Goods and Services Tax rates, which is expected to positively impact consumers in the small domestic appliances’ categories. Following the Goods and Services Tax (GST) Council meeting, reduction in tax rates from 28% to 18% has been announced for more than 50 categories in white goods and Small domestic appliances.
Mr. Kapil Agarwal, CEO, Groupe SEB India, said, “The revision of GST rates is a welcome move by the Government and will have a subsequent impact on maximum retail price (MRP) of small domestic appliances. We have updated our systems with immediate effect from 27th July 2018 and have passed on the benefit to our customers. Revised and reduced MRPs have also been communicated to our trade partners for all relevant categories. Maharaja Whiteline and Tefal consumers are sure to benefit from this GST reduction.”
The categories on which revised rates are applicable include Mixer Grinder, Juicer Mixer Grinder, Juice Extractor, Food Processor, Hand Blender, Induction Cooktop, Rice Cooker, Soup Maker, Roti Maker, Electric Kettle, Sandwich Maker, Pop-Up Toaster, Water Heater, Room Heater, Iron etc.