Next-Gen GST Reforms to Boost Electronics Sector

The Ministry of Electronics and IT has announced significant reductions in Goods and Services Tax (GST) rates on various consumer electronics and ICT hardware, aimed at promoting domestic manufacturing, supporting MSMEs, and enhancing affordability for consumers. Key reductions include GST cuts on air conditioners, TVs, monitors, and renewable energy devices, which are expected to stimulate demand, create jobs, and deepen India's integration into global value chains.

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