Appliance manufacturer Stovekraft supports the GST overhaul, transferring advantages to customers
Stovekraft Limited, a leading Indian manufacturer of kitchen appliances and cookware, has welcomed the revised Goods and Services Tax (GST) framework. The new framework is expected to strengthen the broader kitchenware sector and make festive celebrations simpler, joyful, and more inclusive for customers across India.
According to the press release provided by VMPL, the revised GST framework will see immediate benefits for customers during the festive shopping season. Cookware that earlier attracted a 12% GST will now be taxed at just 5%. This includes pressure cookers, Stovekraft's complete cookware range, stainless steel utensils, and single-wall water bottles.
Rajendra Gandhi, Managing Director of Stovekraft Limited, stated that the company is committed to ensuring the full benefit of this GST reduction reaches customers. The revised tax rates will be fully reflected in Stovekraft's product pricing, allowing customers to immediately benefit from reduced costs.
Stovekraft's vision is to make dependable and affordable kitchen solutions accessible to every home. With the revised GST framework, the company is one step closer to achieving this goal. The revised framework is intended to make everyday kitchen essentials more affordable, making it easier for families to enjoy their festive celebrations.
The news content in this article is sourced from a syndicated feed. The Tribune assumes no responsibility or liability for the accuracy, completeness, or content of the press release. Stovekraft Limited announced the information regarding the revision of the GST framework under the board member Mr. Rajendra P. Gandhi.
In conclusion, the revised GST framework is a significant step towards making kitchen essentials more affordable for Indian families. Stovekraft Limited is committed to passing on these savings to its customers, making their festive shopping season more enjoyable and inclusive.
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