In electronic household electronics items comes in many ways like AC, COOLER, TV, FRIDGE. WASHING MACHINE so many items here that comes for all consumers and also for customers. Now it is important to know the effect of GST on electronics industry so that the prices goes up and down both we can understand easily. In this article we explain all of this in detail:
PERCENTAGE OF GST ON ELECTRONICS ITEMS: This percentage is bit higher than the previous one as like before GST there are certain tax reforms on electronics items like VAT around 11-12.5%, excise duty also implemented as 12.5% that comes total average 25 to 26% but with GST it goes up 28% as GST on luxury items be 28%.
PERCENTAGE OF GST ON ELECTRONICS ITEMS: This percentage is bit higher than the previous one as like before GST there are certain tax reforms on electronics items like VAT around 11-12.5%, excise duty also implemented as 12.5% that comes total average 25 to 26% but with GST it goes up 28% as GST on luxury items be 28%.
- Now as increased in GST tax rate compared to previous one price range also increases in market for electronic items but to make it on the competition many firms provide less discount and their margins but make the price similar to sale more.
- All the salers gets benefit as to claim input tax credit on their purchase so it is not bad but the prices also not goes up as win situation for all here.
- In mumbai manufacturers have to pay one additional extra tax octroi about 5% with the other taxes on average 25 to 26 % and with octroi it goes up but with GST it is only 28% hence all have to pay less tax there and gain more margin.
- But we can say that now GST is only in the initial stage here not on full swing, govt trying to make changes in all kinds of percentage of tax to make sure that people of India get more and more benefit from it and also prices goes down.
As from this article it is concluded that revise in the prices of GST make very good impact on prices of electronics products and benefit to common man.
जीएसटी का भारत के इलेक्ट्रॉनिक्स उद्योग पर प्रभाव: सर्वश्रेष्ठ जीएसटी सॉफ्टवेयर
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