Cos to cut prices of washing machines, fridges, small appliances by 7-8% post GST cut

With the government slashing GST rates on select white goods by 10 per cent, consumer durable makers say they will pass on the benefit to consumers and cut prices of commonly used items by 7-8 per cent. The GST Council had announced reduction in tax rates on items like small screen TVs, fridges and washing machines to 18 per cent, from 28 per cent. The new rate will take e…