Consumer durables: Margins may expand White goods, including refrigerators, air-conditioners and washing machines, will be taxed at 28 per cent under GST. Currently, the rate is about 27 per cent (could be higher for States that charge VAT of over 13.5 per cent). So, post July 1, prices of consumer durables may not rise sharply. Manufacturers may only see benefit, as input tax credit will.

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