Get ready for a GST scorcher this summer, Council unlikely to cut rates on ACs, refrigerators

Consumers delaying home appliance purchases such as air conditioners, refrigerators, televisions and washing machines expecting a GST relief may be in for a shock. They may also have to prepare for another blow — a hike in consumer appliances prices. The GST Council, which meets early next month, is not in favour of reducing the existing 28 percent GST rate applicable on the segment, sources…