Consumer goods firms want GST on ACs, large TVs cut to 18%

White goods makers want Goods & Services Tax (GST) on air conditioners (ACs) and large televisions (above 32 inches) to be reduced to 18 percent from 28 percent in the first GST Council meeting of Modi 2.0. The white goods market in India is currently valued around Rs 60,000 crore. The GST Council, headed by Finance Minister Nirmala Sitharaman, is likely to convene in June.…