Budget expectations: Air conditioning industry

31 Jan 2024 , 02:58 PM

A top priority on the industry’s wish list over the past couple of years has been the reduction of Goods and Services Tax (GST) on air conditioners. Currently, the GST rate for air conditioners is set at 28%, categorizing it as a luxury product. The industry advocates for a reduction to 18%, aligning with the goal of making air conditioners more affordable for the general public.