Table of Contents
How much GST does a computer charge?
The four digit HSN code for computers is 8471 and according to this HSN code, 18\% GST rate is applicable on Computers.
Will laptops price go down?
Laptop prices generally go down the longer you wait to buy, so buying it last minute is not ideal. Also, most laptops are under warranty for one year, so there is no rush to get one during Christmas break. The best time to buy a laptop is around September or October of any given year.
Does laptop price include GST?
Total GST applicable to laptops and desktops is equal to CGST (50\%) + SGST (50\%). Thus 18\% GST on laptops/desktops and their accessories equal 9\% CGST + 9\% SGST. 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.
Why laptop prices in India are high?
So most of the electronics are made in Shenzen , and California . So , when you buy a laptop here in India , you are going to pay the transportation charges , custom duty , Margin for importer , wholesaler and salesman, etc. So , any imported piece of electronic will be expensive .
How do I calculate GST on PC?
The GST Council determines the GST rates, and the current GST rate on laptops is 18\%….GST effect on Laptops.
| Types of Equipment | GST Rate |
|---|---|
| Laptop | 18\% |
| Computer | 18\% |
| RAM (memory chips) | 18\% |
| Pen drive | 18\% |
Can we claim GST on computer?
“any goods other than capital goods used by a supplier in the course or furtherance of business.” iii) Hence, from the points (j) and (ii) above it is clear that, in the GST period, the input tax credit of Tax paid on Computers, Laptops etc., can only be claimed as “Capital Goods” but not as “lnputs.”
Do laptop prices go down in India?
It’s difficult to say laptop price will drop or not, but you have to wait for a festival days or credit or debit card offer on e-commerce store like Amazon , Flipkart . Because they will give the best offer from time to time.
Which laptop brand is best in India 2021?
Summary Of The Top 10 Laptop Brands In India
| S No. | Product Name | Price |
|---|---|---|
| 1 | 2020 Apple MacBook Pro – Space Grey | 1,12,900 |
| 2 | Microsoft Surface Laptop Go Touchscreen Laptop | 89,990 |
| 3 | HP Pavilion Thin & Light Laptop – 14-dv0054TU | 66,990 |
| 4 | Dell Inspiron 5502 Laptop – D560438WIN9SE | 68,990 |
What is the GST rate on laptops and desktops?
Laptops and desktops are set to become dearer when GST comes into effect, making the industry, which has been arguing for a lower rate of tax to help boost the Digital India drive, to raise concern about the new rates. The GST Council has fixed the rate on laptops and desktops at 18\%,…
How GST will affect Digital India drive in India?
The Manufacturers Association for Information Technology of India has suggested to keep the GST tax rate for the computer hardware of 12\% as this will help in IT penetration. As IT products are the core elements of Digital India, making these items more expensive will surely have a counter effect over the Digital India Drive.
What are the GST rates for HSN code for computers?
HSN Code for Computers, Printers, Keyboards and Storage Devices Equipment Type GST Rates Laptop 18\% Desktop Computer 18\% Optical Drives 18\% Memory Chips (RAM) 18\%
What is the GST slab rate for services?
GST Council has fixed the GST rate for goods and services but time to time the council members reduce the GST slab rate as per the demand of people and businesses. All the goods and services are taxed under seven slabs – 0\%, 0.25\%, 3\%, 5\%, 12\%, 18\% and 28\% on the basis on Harmonized System Nomenclature (HSN), they are linked to.