India’s TEA Calls for Reduced GST on Elevators

India’s Telangana Elevator Association (TEA) has appealed to the Central government to reconsider the existing 18% Goods and Services Tax (GST) on elevators, stressing that a reduction would positively impact affordable housing across the country, the Deccan Chronicle reports. TEA officials highlighted the challenges facing small and medium-sized elevator manufacturers and installers in Telangana, adding that the industry there continues to operate without a formal regulatory framework. TEA cautioned that the steep tax rate is discouraging installations in low-rise and budget housing projects where elevators are essential for daily mobility. TEA wants the government to reclassify elevators as essential services, which would reduce the GST. The TEA emphasized that policy support in the form of tax relief and regulatory reforms would significantly boost the elevator industry while advancing the nation’s goals of affordable housing and inclusive urban development.