GST on AC
Understanding the GST on AC (air conditioners) is crucial for both buyers and sellers in India. Air conditioners fall under the category of luxury appliances and are taxed accordingly. Currently, the GST on AC is set at 28%, which significantly impacts the overall cost for consumers. For businesses dealing in electronics or home appliances, it's important to factor in this rate while pricing, invoicing, and filing GST returns to ensure full compliance with the law.