BLUESTARCO

DIXON

VOLTAS

WHIRLPOOL

At present, Room AC and dishwasher are taxed at 28 per cent, while washing machine and refrigerator are taxed at 18 per cent GST. Televisions below 32 inches attract 18 per cent GST and higher than 32 inches attract 28 per cent GST. A reduction in GST is positive for RAC and dishwasher. It can also drive premiumisation in televisions as people can upgrade to televisions of > 32 inches. While reduction in indirect taxes is DCF accretive, there is possibility of near-term impact on trade inventory if companies reduce the prices immediately.