{"id":3279,"date":"2017-06-16T16:36:35","date_gmt":"2017-06-16T11:06:35","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3279"},"modified":"2021-11-11T15:11:41","modified_gmt":"2021-11-11T09:41:41","slug":"revised-rates-for-the-tech-consumers","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/","title":{"rendered":"Overview of Revised rates for the tech consumers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d368d725b60\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d368d725b60\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Revised_rates_for_the_tech_consumers\" title=\"Revised rates for the tech consumers\">Revised rates for the tech consumers<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#GST_rates_for_certain_consumer_electronics_were_revised_recently\" title=\"GST rates for certain consumer electronics were revised recently.\">GST rates for certain consumer electronics were revised recently.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Smartphones_Landlines_and_parts_used_in_manufacturing\" title=\"Smartphones, Landlines and parts used in manufacturing\">Smartphones, Landlines and parts used in manufacturing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#TVs_ACs_washing_machines_refrigerators_vacuum_cleaner_shavers_hair_clippers\" title=\"TVs, ACs, washing machines, refrigerators, vacuum cleaner, shavers, hair clippers\">TVs, ACs, washing machines, refrigerators, vacuum cleaner, shavers, hair clippers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Entertainment_Cable_and_DTH_services\" title=\"Entertainment, Cable and DTH services\">Entertainment, Cable and DTH services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Cameras_speakers_and_Monitors\" title=\"Cameras, speakers and Monitors\">Cameras, speakers and Monitors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Cab_hailing_services\" title=\"Cab hailing services\">Cab hailing services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Solar_powered_devices\" title=\"Solar powered devices\">Solar powered devices<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/revised-rates-for-the-tech-consumers\/#Telecom_services\" title=\"Telecom services\">Telecom services<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Revised_rates_for_the_tech_consumers\"><\/span><strong>Revised rates for the tech consumers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/06\/GST-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8924\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/06\/GST-3.jpg\" alt=\"www.carajput.com; GST\" width=\"575\" height=\"380\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/06\/GST-3.jpg 575w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2017\/06\/GST-3-300x198.jpg 300w\" sizes=\"(max-width: 575px) 100vw, 575px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"GST_rates_for_certain_consumer_electronics_were_revised_recently\"><\/span><strong>GST rates for certain consumer electronics were revised recently<\/strong>.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is an update on all that&#8217;s new as well as tax rates that remain unchanged<\/p>\n<p>In Its 16th meeting, the GST council led by Finance Minister Arun Jaitley re-jigged tax slabs for certain items, 66 to be exact.<\/p>\n<p>While not much has changed since we last told you about the\u00a0impact of GST on your tech lives, there are some consumer electronics that now fall under different tax slabs.<\/p>\n<p>Here how your GST rates stack up currently. The Goods and Services Tax (<a href=\"https:\/\/www.caindelhiindia.com\/blog\/application-of-gst-on-contribution-by-rwa-members\/\">GST<\/a><a href=\"https:\/\/carajput.com\/blog\/gst\/\">) i<\/a>s all set to be adopted across India on July 1.<\/p>\n<p>Earlier this month, the GST Council categorized over 1200 goods and 500 services under four different tax slabs &#8211; 5%, 12%, 18% and 28%.<\/p>\n<p>Where does that leave the technology consumer? Will your next gadget purchase get cheaper or more expensive?<\/p>\n<p>How will GST impact app-based cab services? Should you hold-off buying electronic appliances right now, or should you act quick before prices shoot up? Here\u2019s a quick guide to the impact of GST on your tech life.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Smartphones_Landlines_and_parts_used_in_manufacturing\"><\/span><strong>Smartphones, Landlines and parts used in manufacturing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Smartphones are set to get cheaper in the next few months thanks to\u00a0GST. The current tax incidence on smartphones is higher than 13.5 per cent.<\/p>\n<p>The GST Council has categorised them under the 12% tax slab and this will automatically bring smartphone prices down. Parts used to manufacture smartphones are also categorised under the proposed 12% tax slab.<\/p>\n<p>This, combined with relaxations under the government\u2019s Make In India initiative, will further help reduce brand-specific smartphone prices.<\/p>\n<p>On the other hand, telephone sets, landline and any other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network will come under the 18 per cent tax slab.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TVs_ACs_washing_machines_refrigerators_vacuum_cleaner_shavers_hair_clippers\"><\/span><strong>TVs, ACs, washing machines, refrigerators, vacuum cleaner, shavers, hair clippers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All of the above mentioned consumer durable are set to get more expensive. After July 1, prices of televisions, ACs, all types of washing machines, refrigerators and more will get inflated, as the goods will now come under the highest tax slab of 28 per cent.<\/p>\n<p>Prices of these goods are expected to go up by 4 per cent or more. Other smaller home appliances such as mixers, juicers, toasters, electric irons, etc will also get more expensive as all of these now come under the 28 per cent GST bracket, one of the highest in the world for products of their kind.<\/p>\n<p>However, prices of durables like TVs, ACs and more, will come down in Mumbai, where they attracted an additional octroi of 5% earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Entertainment_Cable_and_DTH_services\"><\/span><strong>Entertainment, Cable and DTH services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Current entertainment taxes levied by states will be subsumed in GST. States levy entertainment taxes in the range of 10 per cent to 30 per cent on DTH and cable services as of now.<\/p>\n<p>These services also attract an additional service tax of 15 per cent.<\/p>\n<p>Going forward, all these services will come under the 18 per cent GST slab, bringing taxation down considerably.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cameras_speakers_and_Monitors\"><\/span><strong>Cameras, speakers and Monitors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cameras of any kind including television cameras, digital cameras, video cameras, recorders and projectors will come under the highest tax slab in GST.<\/p>\n<p>These will attract a levy of 28 per cent post the implementation of GST. Speakers, loudspeakers and Monitors will also come under the 28 per cent tax bracket starting July 1.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cab_hailing_services\"><\/span><strong>Cab hailing services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taking an Uber or OLA ride will become marginally cheaper as tax on these services will come down from 6 per cent to 5 per cent under the GST regime.<\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/gst\/\"><strong><em><u>Read more about: <\/u><\/em><em>What is core Business Activity GST<\/em><\/strong><\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/blog\/gst\/\"><strong><em><u>Read more about<\/u><u>: <\/u><\/em><em>All about GST Offenses, Penalties, and Appeals<\/em><\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solar_powered_devices\"><\/span><strong>Solar powered devices<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It will be beneficial for consumers to buy solar powered devices post the implementation of GST. Solar water heaters, lamps, lights and other such devices will come under the lowest, 5 per cent GST bracket.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"8fXtRES6zj\"><p><a href=\"https:\/\/carajput.com\/blog\/gst\/\">The Goods and Services Tax (GST)<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;The Goods and Services Tax (GST)&#8221; &#8212; Rajput Jain &amp; Associates - Chartered Accountants in Delhi\" src=\"https:\/\/carajput.com\/blog\/gst\/embed\/#?secret=8fXtRES6zj\" data-secret=\"8fXtRES6zj\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1><span class=\"ez-toc-section\" id=\"Telecom_services\"><\/span><strong>Telecom services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Phone bills are\u00a0expected to shoot up\u00a0as the current tax on these services stands at 15%.<\/p>\n<p>The upcoming GST will add another three percentage points to telephone bills, thereby decreasing profitability of telcos further.<\/p>\n<p>With the new implementation of GST, if you have been paying a phone bill of Rs 1,000 right now, your bill will increase by another Rs 30.<\/p>\n<p>Additionally, for prepaid users, while a recharge of Rs. 100 gives Rs. 85 of talk-time today, you will only get Rs. 82 as talktime after GST is imposed.<\/p>\n<p>We look forward for your valuable comment www.carajput.com<\/p>\n<p>FOR FURTHER QUERIES CONTACT US:<\/p>\n<p>W:\u00a0www.carajput.com\u00a0\u00a0 \u00a0E: singh@carajput.com \u00a0 T: 011-233- 4-3333, 9-555- 555-480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revised rates for the tech consumers GST rates for certain consumer electronics were revised recently. Here is an update on all that&#8217;s new as well as tax rates that remain unchanged In Its 16th meeting, the GST council led by Finance Minister Arun Jaitley re-jigged tax slabs for certain items, 66 to be exact. While &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,150,172,9,4],"tags":[5191,1935,1936],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3279"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3279"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3279\/revisions"}],"predecessor-version":[{"id":18652,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3279\/revisions\/18652"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}