"For our sector, the net tax would go up. The current tax rate is around 25-27% and would go to 28%. "By Monday or Tuesday we expect price list of all brands to be out and then business would start. Our trade partners have already liquidated their stocks and would start buying," said Nandi.However, company as Panasonic would take a decision in this regard next week only. "According to Nandi, the industry would go for a price correction again possibly in September, depending on the input tax credit and commodity price.Festive season starts from Dussehra and goes till Diwali and during that period durable makers account up to 35% of their sales.

Source: Times of India July 01, 2017 10:39 UTC