GST Slab on Electronic Items: The upcoming festive season is going to be very special for consumers, as the Indian government has given you a significant gift ahead of this festive season. This means that the central government has made a significant change in GST rates.
This means that the government has now abolished the 12 percent and 28 percent GST slabs and has introduced GST slabs of 5 percent and 18 percent. This GST change brings significant relief on items used in everyday life. This includes everything from cars and bikes to food and electronic items.
Which electronic items have seen GST reductions?
Only two days are left until September 22nd. For consumers, GST rates will be reduced on many electronic items. These include items like ACs, refrigerators, smart TVs, dishwashers, washing machines, vacuum cleaners, microwave ovens, induction cookers, heaters, mixers, and grinders. These electronic items are being offered a GST slab of 28% to 18%, resulting in significant price reductions.
AC prices will be reduced
Regarding air conditioners, there’s also a 10% price reduction, meaning if you’re buying a TV worth ₹40,000, you’ll save ₹4,000. You’ll also have the opportunity to save even more with deals offered during the festive season.
Refrigerator prices will be reduced
If you’re considering a refrigerator, you could see a 10% price reduction after September 22nd. So, if you buy a refrigerator worth up to ₹20,000, you could easily save up to ₹2,000.
As you may already know, the festival of Diwali is coming next month, i.e., October. Consequently, various companies and brands are offering various offers and discounts. Several major sales are also about to begin, allowing you to shop for electronics with significant savings.
Additionally, GST on vehicles has been reduced. GST on many other items has also been reduced. This means it’s the perfect time to shop. Furthermore, you’re in for significant relief.