Electric Appliance Manufacturers Push for GST Reduction Amid LPG Demand Surge
Electric appliance makers to seek GST cut as LPG crisis lifts demand
The Economic TimesImage: The Economic Times
Electric cooking appliance manufacturers in India are advocating for a reduction in the goods and services tax (GST) on products like induction cooktops and air fryers due to a surge in demand linked to the LPG crisis caused by the Gulf war. The government is responding by convening meetings to enhance production and address supply chain issues.
- 01Manufacturers are seeking a GST cut on electric cooking appliances.
- 02Demand for induction cooktops has surged by 90-100% month-on-month.
- 03Government meetings aim to boost production and address sourcing bottlenecks.
- 04Current GST on electric cooking appliances is 18%.
- 05Manufacturers are pushing for local sourcing to reduce dependency on imports.
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Electric cooking appliance manufacturers in India are urging the government to reduce the 18% goods and services tax (GST) on products such as induction cooktops, toasters, and air fryers. This demand arises from a significant increase in consumer interest, with reports indicating a 90-100% surge in induction cooktop sales month-on-month since March, driven by a household LPG shortage linked to the Gulf war. The Department for Promotion of Industry and Internal Trade (DPIIT) is actively engaging with industry leaders to discuss measures to enhance production and ease sourcing challenges, particularly from China. The government is considering time-bound measures, including GST cuts and relaxed import restrictions on components, to facilitate increased manufacturing capacity. This initiative reflects a broader strategy to boost local production and reduce reliance on global supply chains. Industry executives have noted that while capacity has been expanded, the sudden demand spike caught many manufacturers off guard, necessitating immediate action to ensure a steady supply of electric cooking appliances.
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A reduction in GST could lower prices for consumers, making electric cooking appliances more accessible during the LPG crisis.
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