Scribd
Upload
26 views4 pages

Change in GST

The document summarizes a viral social media post claiming that mobile phones and TV prices in India will decrease starting July 1st due to a GST rate cut. However, the document clarifies that this claim is false - the GST rates on electronics have not been changed by the government and prices will remain the same. While a table shared by the Ministry of Finance correctly showed existing lower GST rates compared to pre-GST tax rates, it has been misinterpreted by some on social media to mean an upcoming price reduction due to a new GST cut. In reality, no changes to GST rates on electronics have been announced.

Uploaded by

timepass281001
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
26 views4 pages

Change in GST

The document summarizes a viral social media post claiming that mobile phones and TV prices in India will decrease starting July 1st due to a GST rate cut. However, the document clarifies that this claim is false - the GST rates on electronics have not been changed by the government and prices will remain the same. While a table shared by the Ministry of Finance correctly showed existing lower GST rates compared to pre-GST tax rates, it has been misinterpreted by some on social media to mean an upcoming price reduction due to a new GST cut. In reality, no changes to GST rates on electronics have been announced.

Uploaded by

timepass281001
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

7/4/23, 3:07 PM Yahoo Mail - [New post] No, mobile phones and TVs are not getting cheaper

cheaper from July 1, there is no change in GST rate

[New post] No, mobile phones and TVs are not getting cheaper from July 1, there is no
change in GST rate

From: A2Z Taxcorp LLP ([email protected])

To: [email protected]
Date: Tuesday, 4 July, 2023 at 01:56 pm IST

A2Z Taxcorp LLP

No, mobile phones and


TVs are not getting
cheaper from July 1,
there is no change in
GST rate
admin
Jul 4

about:blank 1/4
7/4/23, 3:07 PM Yahoo Mail - [New post] No, mobile phones and TVs are not getting cheaper from July 1, there is no change in GST rate

On social media, information has a way of morphing into


something that is misleading. Recently, the Ministry of Finance
tweeted an image containing a table that shows the tax that
electronic goods, including smartphones, attract in India. The
table, which is titled "Relief Through GST on Household Goods"
shows two columns: one, which has the tax rate on a particular
gadget before GST was implemented and another that shows
current GST rate for that gadget. In all the cases cited in the
table, it is shown that the tax is reduced. Now, the image is
viral with the claim that the government has reduced the GST
on gadgets from July 1 and that soon phones, TVs,
refrigerators etc will become.

The claim is totally wrong.

The table that is by now tweeted and retweeted by thousands,


although somewhat confusing, is not factually wrong. It only says
that, for example, a mobile phone used to attract direct and
indirect tax rate of around 31 per cent before GST was rolled out in
India. Now, it attracts a GST of 18 per cent. Similar is the case for
other gadgets that have been mentioned in the table.

about:blank 2/4
7/4/23, 3:07 PM Yahoo Mail - [New post] No, mobile phones and TVs are not getting cheaper from July 1, there is no change in GST rate

Twitter users, however, got the impression from the table that
government is reducing GST rate, for example, on mobile phones
from 31 per cent to 18 per cent. And they are now sharing and re-
sharing the table with claim that from July 1 prices of gadgets in
India will come down. This is entirely wrong because there is no
change in existing GST rate for gadgets. A mobile phone, for
example, currently attracts 18 per cent GST and it will continue to
attract the same tax rate unless the government changes it.

Source
from: https://www.indiatoday.in/technology/news/story/mobile-

about:blank 3/4
7/4/23, 3:07 PM Yahoo Mail - [New post] No, mobile phones and TVs are not getting cheaper from July 1, there is no change in GST rate

phones-tvs-and-other-electronics-to-get-cheaper-in-india-details-
you-should-know-2401197-2023-07-03

Comment

Unsubscribe to no longer receive posts from A2Z Taxcorp LLP.


Change your email settings at manage subscriptions.

Trouble clicking? Copy and paste this URL into your browser:
https://www.a2ztaxcorp.com/no-mobile-phones-and-tvs-are-not-getting-
cheaper-from-july-1-there-is-no-change-in-gst-rate/

Get the Jetpack app to use Reader anywhere, anytime


Follow your favorite sites, save posts to read later, and get real-time notifications for likes and
comments.

Learn how to build your website with our video tutorials on YouTube.

Automattic, Inc. - 60 29th St. #343, San Francisco, CA 94110

about:blank 4/4

You might also like