Categories: Economy

Government of India reduces GST rate on electronics item

The Union Finance Ministry recently announced a reduction in the Goods and Services Tax (GST) for electronic items on the sixth anniversary of the GST implementation on July 1. The list of electronic products includes mobile phones, TVs up to 27 inches, refrigerators, washing machines, and others. With the aim of making home appliances more affordable, the Finance Ministry has lowered the GST rates for various items. Refrigerators, washing machines, fans, coolers, geysers, and similar products will now be subject to a reduced GST rate of 18 percent, previously being at 31.3 percent.

In addition, there have been reductions in GST rates for various other household items. Products such as mixers, juicers, vacuum cleaners, LEDs, vacuum flasks, and vacuum utensils have also witnessed a decrease in their GST rates. The GST rate for mixers, juicers, and similar items has been lowered from 31.3 percent to 18 percent, while LEDs now have a reduced GST rate of 12 percent, previously being at 15 percent.

Item Earlier Now
TV upto 27 inches 31.3% 18%
Refrigerators 31.3% 18%
Washing machine 31.3% 18%
Mixers, Juicers, Vacuum cleaners,, 31.3% 18%
Fans, coolers, geysers 31.3% 18%
LPG stove 21% 18%
LEDs 15% 12%
Sewing Machine 16% 12%
Static Converter UPS 28% 18%
Kerosene Pressure Lantern 8% 5%
Vacuum flasks, and vacuum Vessels 28% 18%
Mobile Phones 31.3% 12%

About June GST collections

In June, the total GST revenue collected experienced a minimal increase of 2.80 percent, reaching Rs 1,61,497 crore, as compared to the collection of Rs 1,57,090 crore in May. The GST collected in June comprised Rs 31,013 crore under CGST, Rs 38,292 crore under SGST, Rs 80,292 crore under IGST (which includes Rs 39,035 crore collected on imported goods), and Rs 11,900 crore under cess (including Rs 1,028 crore collected on imported goods). From the IGST amount, the government settled Rs 36,224 crore for CGST and Rs 30,269 crore for SGST.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

India-Pakistan War: What is S-400 Air Defence System?

Why in News? As India-Pakistan tensions flared after the May 7 precision strikes under Operation…

8 hours ago

Maharana Pratap Jayanti 2025: Date, History, Significance and Celebrations

Maharana Pratap Jayanti commemorates the birth of Maharana Pratap Singh, the valiant Rajput king of…

15 hours ago

India Celebrates Rabindranath Tagore’s 164th Birth Anniversary: Honouring the Bard of Bengal

India marked the 164th birth anniversary of Rabindranath Tagore, popularly known as the Bard of…

15 hours ago

World Red Cross Day 2025 – History, Theme, and Global Significance

World Red Cross and Red Crescent Day was observed on May 8, 2025, with the…

15 hours ago

India’s Deep Strike under Operation Sindoor: Pakistan’s Air Defence Destroyed

In a bold and precise military operation, India carried out deep air strikes against terrorist…

16 hours ago

India-Vietnam Strengthen Buddhist Ties with New MoU

In a significant diplomatic and spiritual development, India and Vietnam have signed a Memorandum of…

16 hours ago