Great news ahead of Christmas and New Year for the customers!! As on Saturday, the GST council declared that there will be a decrease in the GST rates on electronic goods. The Goods and Services Tax (GST) on certain electronic goods will be reduced to 18% instead of 28% at present.

The electronic products like Monitors, Televisions, battery backups, gaming consoles, video camera recorders, and many more electronic products.
Also, the government has reduced the GST rates for the cinema movie tickets.

According to the Finance Minister of India, Mr. Arun Jaitley, this reduced GST rates will be coming into amendment from 1st of January 2019. It’s more of a New Year bonanza for the customers and consumers.

GST REDUCTION
GST REDUCTION

The list of the Goods that will have a change in GST rates or will have reduced GST rates are:
1) Televisions and monitors of up to 32 inches will have 18% GST on it from 28% which is present GST rate for it.

2) Battery backups of 10000 mAh- 20000 mAh will attract 18% GST than present 28%.

3) Gaming Consoles had 28% GST before and now it is also reduced to 18% GST. A great sign for video game lovers!

4) Also reduction of GST on the video camera recorders.