Computer Hardware Parts Gst Rate
Under the gst regime 18 percent tax will be levied on personal computers and 28 percent on monitors which will hit local manufacturers.
Computer hardware parts gst rate. The four digit hsn code for computers is 8471 and according to this hsn code 18 gst rate is applicable on computers. A lot of people are of the opinion that the effective cost of having a loan would increase as the rate of gst is 3 higher than the rate of service tax. Thus 18 gst on laptops desktops and their accessories equal 9 cgst 9 sgst. Government should consider this situation on urgent basis kunkolienker said.
The rate of service tax was 15 whereas the rate of gst is 18. Chapter 84 of the hsn defines the hsn code for personal computers micro computers and laptops under the heading automatic data processing machines and units. Several people are of the opinion that their emi s would increase as the rate has been increased by 3. The rate of gst on hsn chapter chapter 90 classifies as optical photographic cinematographic measuring checking precision medical or surgical instruments and apparatus.
Parts and accessories thereof fixed by gst council at the introduction of gst in july 2017 is 18. In case of inter state transfer of these goods such as an ecommerce transaction igst will be applicable at 18 on these products and services. The gst council has fixed the gst rate on laptops at 18 compared with the current levy of 14 15. Skins and other parts of birds with their feathers or down feathers parts of feathers down and articles thereof other than goods of heading 0505 and worked quills and scapes 6.
The gst rate at 28 percent becomes draconian at 28 percent. According to the it hardware firms a uniform gst rate of 18 should be applied on the it products like monitors ram printers and more. Parts trimmings and accessories of articles of heading 6601 or 6602. You can watch this video and know more about gst rate on computer hardware and like the video and subscribe the channel for.
Total gst applicable to laptops and desktops is equal to cgst 50 sgst 50. Here i collect some information about gst rate for computer hardware. This means laptops too will become expensive once the gst regime sets in.