Electronics and electrical products are eligible for taxation under the GST regime. The implementation of this tax and the consequent submitting of all other regimes have impacted the electronics industry and its components differently.

To make the most of the application of GST on electronics, both manufacturers and consumers of these products should be aware of its implications. 

Like any other products and services, electronics and electrical goods also come under GST taxation as per the Goods and Services Tax Act, 2017. This tax was implemented to replace the pre-existing multiple tax structure.

Why GST Registration is essential for Electronics

In India, the growing electronics industry not only delivers the needs of the countrymen but also reach out to the foreign market as well. In FY 2019-2020, the Indian electronics business witnessed a turnover of more than 32,000 crores. 

It is why GST Taxation is essential for the electronics industry. It generates a large number of funds for the Indian Govt. Every electronics manufacturer and business entity is mandated to register under the GST taxation system.

GST Rates on Electronics

With the GST introduction on electronic items, all the related articles only attract GST at a rate ranging between 18% and 28%. It must be noted that different electronic products are taxed under various slabs as per the GST regime.

After the announcement of Budget 2020-21, the GST rate has increased for certain electronics. For example, the GST rate on Mobile Phones has hiked from 15% to 18%.

On the other hand, a few electronics goods categorized under the 28% mark went through a recently sharp cut-rate. Some of them now belong to the GST mark of 18%. Electronics are considered ‘luxury items’ in India. Therefore, most items under this category attract a GST rate of 28%, reserved for the “Luxury Goods and Services” category.

Easy Registration for GST

For any electronic business, GST registration can be done online. You can avail the facility on Online Legal India™ with the help of skilled GST professionals. The team will guide you throughout the process and even help you in filing GST returns on time. Services like Trademark registration, Food License Registration, and other legal services are also available here, all at unbeatable cost.