New GST Rates On Electronics Make Home Appliances More Budget-Friendly

Buying new appliances has become a household priority, whether it is a refrigerator to store food in summer, a washing machine to save time, or an air conditioner to beat the heat. With the recent reduction in GST rates on electronics, this is the right time to upgrade. From students setting up their first apartments to families replacing older appliances, everyone can benefit.

With Bajaj Finserv, you save more on your purhcase of a range of electronics and appliances. Choose your preferred model at any of Bajaj Finserv’s 1.5 lakh partner stores across 4,000 cities in India. Use the Easy EMI Loan of up to Rs. 5 lakh to fund your purchase, and convert the price into monthly instalments that suit your budget. Select products come with zero down payment, so you can take them home without paying upfront. Plus, you can check your loan eligibility online within minutes—making the entire process fast, convenient, and stress-free.

The new GST rates on electronics play an important role in making home and lifestyle upgrades more affordable. For instance, the GST on large appliances such as refrigerators, washing machines, air conditioners, and televisions (up to 32-inch) has been reduced from 28% to 18%. This change directly lowers the overall purchase cost, making it easier for households to upgrade without stretching their budgets. Smaller appliances like microwaves, mixers, and induction cooktops are also available at reduced rates, helping you save more across categories.

With GST rates reduced, this is the right time to upgrade your electronics—and you can save even more on every purchase. Use Bajaj Finserv’s Maha Bachat Savings Calculator to get a complete picture of your savings. It combines dealer discounts, brand offers, and Bajaj EMI benefits in one place—helping you calculate the lowest possible price on a wide range of electronics and home appliances. With this, your purchase becomes smarter, pocket-friendly, and future-ready. Calculate your extra savings today.

Understanding GST on electronic appliances is important before you plan your next purchase. The government recently reduced the GST on several consumer durable products, making them more affordable for households across India. Large appliances like refrigerators, washing machines, air conditioners, and televisions (up to 32-inch) now attract 18% GST instead of 28%. This reduction directly lowers the final cost, helping families upgrade without overspending. Smaller appliances such as mixers, microwaves, and induction cooktops also fall under the 18% GST bracket. These changes give consumers more flexibility in choosing products that suit their needs and budgets.

Updated GST rates on key electronic appliances

The reduction in GST rates has made it easier for households to buy essential electronic appliances without overshooting their budget. Previously, products like refrigerators, washing machines, and air conditioners carried a higher tax burden of 28%. With the revised rate of 18%, these appliances have become more pocket-friendly.

• Lower purchase cost – Appliances such as refrigerators, washing machines, ACs, and TVs (up to 32-inch) are now taxed at 18% instead of 28%.
• Wider affordability – Families can upgrade to modern appliances without overspending, making lifestyle upgrades more accessible.
• Encouragement for energy efficiency – Reduced GST encourages buyers to choose newer, more energy-efficient models over older ones.
• Better value across categories – Everyday appliances like microwaves, mixers, and induction hobs also benefit from the lower tax rate.
• Double savings with financing – When combined with Bajaj Finserv Easy EMIs and zero down payment offers, reduced GST means more savings upfront and in the long run.

Every electronic appliance is classified under a unique HSN (Harmonised System of Nomenclature) code. These codes are important as they help determine the exact GST rate applicable to each product. From large appliances like refrigerators and washing machines to smaller items such as mixers and induction hobs, each product has a specific code and corresponding GST rate. This makes shopping smarter and more budget-friendly.
 

Calculating GST on electronic appliances is simple once you know the applicable tax rate. Start by identifying the HSN code of the product, which determines its GST slab. Next, apply the GST rate to the product’s base price to find out the final cost. For example, if a washing machine is priced at Rs. 20,000 and the GST rate is 18%, the tax amount will be Rs. 3,600. This brings the total cost to Rs. 23,600. Knowing how to calculate GST helps buyers compare prices better and plan their budgets more effectively before making a purchase.

Quick formula to calculate GST

• Step 1: Find the base price of the product.
• Step 2: Multiply the base price by the GST rate.
  (Base Price × GST Rate = GST Amount)
• Step 3: Add the GST amount to the base price.
  (Base Price + GST Amount = Final Price)

Example:
Base Price = Rs. 20,000
GST Rate = 18%
GST Amount = Rs. 20,000 × 18% = Rs. 3,600
Final Price = Rs. 20,000 + Rs. 3,600 = Rs. 23,600

You can also explore the latest offers on a wide range of electronics and home appliances, making sure you get the best deal on every purchase.

Upgrading your home with the latest electronics and appliances is now easier and more affordable with Bajaj Finserv’s flexible financing options. You can also maximise your savings by using the Maha Bachat Savings Calculator—a smart tool that combines brand offers, dealer offers, and EMI offers, all in one place, helping you lower the overall cost while still paying in small, bite-sized instalments. Follow these steps to get started:

• Explore products on Bajaj Mall: Browse a wide range of electronics and appliances from trusted brands. Compare features like energy ratings, storage capacity, performance settings, and design to choose the right product for your home.
• Visit a partner store: Once you shortlist a model, step into any of Bajaj Finserv’s 1.5 lakh partner stores across 4,000 cities in India. See the product in person, talk to experts, and make a confident decision.
• Choose the Easy EMI Loan option: At checkout, select the Bajaj Finserv Easy EMI Loan. Avail financing of up to Rs. 5 lakh and split the cost into convenient monthly instalments. Some products also come with a zero down payment option.
• Check your loan eligibility online: Plan better by checking your loan eligibility in minutes. Simply enter your mobile number and OTP to know your pre-approved limit.
• Use the EMI Network Card for purchases up to Rs. 3 lakh: Already own the Bajaj Finserv EMI Network Card? Use it for instant, paperless checkout and convert your purchases of up to Rs. 3 lakh into Easy EMIs.