The government has reduced the GST on household items including electronics. Users won’t have to pay the full 31.3 percent GST anymore to purchase these items as it has been lowered to 12 percent now. The government has reduced the GST on products including UPS, washing machines, mobile phones, refrigerators, and other electronics.
The Finance Ministry announced the reduction in GST rates on electronics and household appliances via Twitter. After slashing the GST, the tax rates were lowered on a number of goods and services, including TVs up to 27 inches, refrigerators, washing machines, electrical appliances, geysers, fans, coolers, mobile phones, etc. As a result, users will find these products more affordable.
The items that will be more affordable as a result of the revised GST rates are listed below.
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The price of TV will decrease but…
GST has been reduced for TVs with screens smaller than 27 inches from 31.3 percent to 18 percent. But the majority of buyers won’t profit from this as most TVs these days have a minimum screen size of 32 inches or bigger. Note that the GST of 31.3 percent is applicable on televisions that are 32 inches or larger.
The price of mobile phones will drop
Mobile phones are now less expensive thanks to a reduction in GST. Previously one had to pay 31.3 per cent GST which has now been reduced to 12%, allowing firms to lower the cost of their devices.
Also less expensive will be home appliances
These home appliances now have price reductions of up to 12 percent because the GST has been lowered on household appliances like refrigerators and washing machines, coolers, geysers, fans and more. Note that the GST has been reduced from 31.3 percent to 18 percent.
The GST has been reduced for a variety of other home appliances and goods like mixers, juicers, vacuum cleaners, LED lights, vacuum flasks and vacuum utensils.
This move by the government will ensure customers’ accessibility and affordability thanks to the GST reduction.
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