For a few days, it is being claimed on social media that GST has been reduced on all electric goods including TV, and phones.
For a few days, it is being claimed on social media that GST has been reduced on all electric goods including TV, and phones. It was said that from July 1, the prices of these goods will decrease. If you also believed this news to be true, then let us tell you that the government has not cut the GST rate on any item. Actually, something happened on July 1, 2023, it has been 6 years since the Goods and Services Tax (GST) was implemented.
A photo was shared on Twitter in the name of the Finance Ministry. We found its picture, but could not find the tweet. Although the Central Board of Direct Taxes has shared it with its official Twitter handle. The title of the photo is 'Rebate on household items due to GST'.
With reduced taxes, #GST brings happiness to every home: Relief through #GST on household appliances and mobile phones.#6YearsofGST pic.twitter.com/JzMGqZjFSA
— CBIC (@cbic_india) July 4, 2023
Overall, the government compared the tax before and after the introduction of GST. The purpose of sharing this photo was only so that the Finance Ministry could tell how much tax was levied on which goods before the introduction of GST and how much is being levied now. But clearly, people have taken some other meaning out of it.
Circulating this photo on social media, it is being said that the government has reduced the GST rate on these electric goods from July 1. Phones, TVs and fridges will soon become cheaper. Although this claim is completely wrong. It is seen in the photo that earlier there was a 31 per cent tax on mobile phones, which has now become 18 per cent. Similarly, tax rates have also been reduced on TV, fridge, geyser, sewing machine, and washing machines.
Thousands of people have tweeted and retweeted this post so far. While the truth is that the government had released a comparative picture showing only the effect of GST, which people accepted as a tax cut. It may be known that on July 1, it has been 6 years since GST was implemented. The government got the maximum tax from GST in April 2023. According to statistics, the government earned Rs 1.87 lakh crore from taxes in April.