Nirmala Tai’s 'Rarest Of Rare' Tax Reduction on Air Conditioners (ACs) #shorts
Episode Title: Nirmala Tai’s 'Rarest Of Rare' Tax Reduction on Air Conditioners (ACs) #shorts Produced by: FactTechz Description: The recent buzz about a surge in AC purchases in India is closely linked to a major tax change announced under the GST reforms led by Nirmala Sitharaman. The government reduced the GST (Goods and Services Tax) on air conditioners from 28% to 18%, which is a significant price cut for such appliances. This reduction directly made ACs more affordable for consumers. Reports suggest that prices could drop by ₹2,000–₹4,000 per unit, depending on the model. Because ACs are usually considered expensive household items, even a small percentage drop in tax has a big impact on final prices. As a result, many middle-class households who were earlier hesitant started considering buying one. Another important reason for the rise in AC buying is timing. The tax cut came along with broader GST reforms aimed at boosting consumption and economic activity. The gover...
