By Divya Bhati: On social media, information has a way of morphing into something that is misleading. Recently, the Ministry of Finance tweeted an image containing a table that shows the tax that electronic goods, including smartphones, attract in India. The table, which is titled “Relief Through GST on Household Goods” shows two columns: one, which has the tax rate on a particular gadget before GST was implemented and another that shows the current GST rate for that gadget. In all the cases cited in the table, it is shown that the tax is reduced. Now, the image is viral with the claim that the government has reduced the GST on gadgets from July 1 and that soon phones, TVs, refrigerators etc will become.
The claim is totally wrong.
The table that is now tweeted and retweeted by thousands, although somewhat confusing, is not factually wrong. It only says that, for example, a mobile phone used to attract direct and indirect tax rates of around 31 per cent before GST was rolled out in India. Now, it attracts a GST of 18 per cent. Similar is the case for other gadgets that have been mentioned in the table.
Twitter users, however, got the impression from the table that the government is reducing the GST rate, for example, on mobile phones from 31 per cent to 18 per cent. And they are now sharing and re-sharing the table with the claim that from July 1 prices of gadgets in India will come down. This is entirely wrong because there is no change in the existing GST rate for gadgets. A mobile phone, for example, currently attracts 18 per cent GST and it will continue to attract the same tax rate unless the government changes it.
On a related note, Amazon is preparing to host its Prime Day Sale from July 15 to 16. During this event, the e-commerce site will provide discounts and bank offers across various categories, including smartphones and smart gadgets. Amazon is also expected to offer deals on popular smartphones such as the iPhone 14, iQOO 11, Redmi K50i 5G, and more.
In addition to the deals, Amazon will be offering extra discounts on purchases with bank offers. During the Prime Day sale, buyers can avail additional discounts of 10 percent while using ICICI Bank Credit/Debit cards, SBI Credit Cards, and EMI transactions.
Moreover, all customers can avail an extra 5 per cent instant discount with the Amazon Pay ICICI card. Prime members can also sign up for this card and receive welcome rewards up to Rs 2,500, Rs 300 cashback (exclusive to Prime), and rewards worth Rs 2,200. Additionally, Prime members can enjoy 5 per cent cashback on unlimited Uber rides with Amazon Pay, with 4 per cent as Uber credit and 1 per cent as Amazon Pay cashback, offering savings for future rides and shopping on Amazon.in.