Stovekraft Embraces Changes in Goods and Services Tax, Transfers Advantages to Customers
Stovekraft Limited Reduces Prices of Kitchen Essentials under Revised GST Framework
Stovekraft Limited, a leading manufacturer of kitchen appliances and cookware in India, has welcomed the revised Goods and Services Tax (GST) framework. The revised framework is intended to make festive celebrations simpler, joyful, and more inclusive for families across India.
According to a press release provided by VMPL, the revised GST framework will result in immediate cost reductions for customers during the festive shopping season. This is because various kitchen essentials, such as pressure cookers, complete cookware range, stainless steel utensils, and single-wall water bottles, have been moved to a reduced tax bracket under the revised rates.
Previously taxed at 12%, cookware will now be taxed at just 5% under the revised GST framework. This means that everyday kitchen essentials will become more affordable for consumers.
Rajendra Gandhi, Managing Director of Stovekraft Limited, announced that the company would pass on the benefits of the reduced GST rate on household goods directly to consumers. He stated that the company is committed to ensuring the full benefit of the GST reduction reaches its customers.
Stovekraft Limited's vision has always been to make dependable and affordable kitchen solutions accessible to every home. The revised GST framework is expected to strengthen the broader kitchenware sector, making it easier for companies like Stovekraft Limited to continue providing quality products at reduced prices.
The article is sourced from a syndicated feed and published as received by The Tribune. The Tribune assumes no responsibility or liability for the content's accuracy, completeness, or content.
In conclusion, the revised GST framework is a positive step towards making festive celebrations more affordable for families across India. With Stovekraft Limited passing on the benefits of the reduced GST rate to its customers, consumers can look forward to purchasing kitchen essentials at lower prices during the festive season.
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