GST on Laptops

The Goods and Service Tax (GST) is an important part of the Indian taxation system. The introduction of GST subsumed several other indirect taxes that were levied earlier, including VAT, service tax, central tax, and more. GST is applicable to most services and products in the country, including laptops and computers. Read on to know more about everything related to the applicable GST rate on laptops.

The GST rate applicable to the goods and services in the country are determined by the GST Council. The government takes measures to lower the applicable rate of GST on a given product when the GST revenue collection surpasses the projections. The applicable rates are constantly altered based on the suggestions and approval of the members of the GST Council. The officials monitor and consider the ongoing scenario within the country when approving the applicable rate of interest.

Laptops and desktop computers are categorised under Chapter 84 of the HSN codes. Find the list of HSN codes for laptops and their accessories.

IT accessories play an important role in enhancing the digital experience derived from a laptop or computer. The applicable GST rate on IT accessories such as LAN and data cables is set at 28% each; earlier, the applicable rate was 17.5%. Other accessories such as fax machines, photocopying machines, ink cartridges, and more come with a GST rate of 28% as opposed to the 18% rate levied earlier.

The Goods and Service Tax is now a major part of our daily purchases. Thus, if you are planning to purchase a laptop, you should be well-informed about the implications of GST on the given product. The detailed information and applicable HSN codes will help you make a smarter purchase decision with your electronic device. 

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