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 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.
Source: a2ztaxcorp.com
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