The GST Council has announced tax cuts on electronic goods, offering significant relief to consumers. The 28% tax slab has been eliminated, replaced by only two slabs: 5% and 18%. Products like TVs, refrigerators, air conditioners, and dishwashers will now be cheaper. The question remains: will mobile phones and laptops also see a price reduction?
The government has reduced the GST on televisions (LCD and LED), monitors, and projectors from 28% to 18%. Previously, high taxes kept prices elevated, but consumers can now expect to save approximately 2,000 to 3,000 rupees on TVs and monitors.
Air conditioners, dishwashers, refrigerators, and washing machines have also been moved to the 18% tax slab, down from 28%. This could lead to savings of around 1,000 to 2,000 rupees on refrigerators and washing machines, and 1,500 to 3,000 rupees on air conditioners.
However, there will be no relief for consumers regarding mobile phone and laptop prices. The GST rate of 18% on both categories remains unchanged. This means that the tax structure for smartphones and laptops will not change. Consequently, their prices will remain the same, and consumers will not get any additional benefit. The prices of smartphones will not decrease. Similarly, the GST on laptops will remain at 18%.
