Key Points:
- Good news for consumers of the country.
- Government has reduced GST rate and that will bring down the pricing of electronic appliances and mobile phones.
- Now you can purchase new products with a lower price tag.
It is the start of 3rd quarter of this year and the Government of India is bringing delightful news to the consumers and citizens of the country. The Union Finance Ministry recently announced that the government of the country has reduced the Goods and Services Tax (GST) on various electronic products. The announcement came at the occasion of the sixth anniversary of the GST implementation.
With the new announcement, the pricing of various products including mobile phones along with televisions up to 27 inches, refrigerators, washing machines, and other electronic products will be reduced in the country.
With reduced taxes, #GST brings happiness to every home: Relief through #GST on household appliances and mobile phones 📱🖥️#6YearsofGST #TaxReforms
#GSTforGrowth pic.twitter.com/LgjGQMbw6e— PIB India (@PIB_India) June 30, 2023
It is now confirmed that users will not have to pay 31.3 percent GST to buy smart TVs up to 27 inches, mobile phones, and more. As of now you need to pay 12 per cent of GST which will help brands to offer devices with the lower price tag.
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