GST new rates
The new reduced rates of GST have come into effect today i.e. from 22 September. Recently, the government had decided to reduce the GST on many everyday items as well as the GST on electronics items. With the implementation of the new rates, many electronics items used in homes including AC, TV, fridge will become cheap. The price of AC and TV can be cut by up to Rs 10,000. Many companies have announced to cut the price of their product after the new GST rates are implemented.
TV and home appliances will be cheap
Many electronics items used in homes including AC, TV will now have to pay 18% GST. Earlier these products had to pay 28% GST. Due to low GST rates, its effect will be seen on the pockets of customers. They will be able to save 8 to 10 percent on the purchase of these items.
Apart from electronics items including AC, TV and fridge, GST has also decreased on mobile accessories. This will affect the price of mobile charger and accessories. All these products will become cheaper than before. Apart from this, products like mixer grinder, microweb, vacuum cleaner, air coolers will also become cheap.
These electronics items became cheap
- AC (Air Conditioner)
- TV (television)
- Fridge (refrigerator)
- air cooler
- Vacuum cleaner
- Microwave
- Mixer-grinder
- Juicer-mixer
- Mobile accessories
- Dishwasher
- Projector
- Monitor
How many money will be left?
For example, if you first buys 1 ton of AC for Rs 30,000, then it had to pay 28% GST i.e. Rs 8,400 tax on it. At the same time, due to GAT 18%, now a tax of Rs 5,400 will have to be paid. In this way you will be able to save Rs 3,000.
Talking about TV, GST has now been reduced from 28% to 18% on LCD, LED TV etc. of 32 inch inch. For example, if you used to buy a TV of Rs 20,000, then you had to pay GST of Rs 5,600. At the same time, now you have to pay 18% ie Rs 3,600 GST for this. In this way you will be able to save Rs 2,000.
The GST Council has also reduced the GST from 28% to 18% on dishwashing machines, monitor and projector. For example, if you used to buy a dishwashing machine of Rs 10,000, then you had to pay a GST of Rs 2,800 on it. After the new rates are implemented, you will have to pay 18% i.e. Rs 1,800 GST. In this way you will be able to save Rs 1,000.
Also read –
The impact of the new GST, Smart TV is getting for Rs 5799, many brands reduced prices