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IT hardware sector seeks 18% GST
IT hardware firms have asked the government that uniform GST rate of 18 per cent should be applied on IT products, like monitors and printers, instead of 28 per cent proposed for some items, which will make them expensive. The IT hardware industry body Manufacturers Association for Information Technology
MAIT voices concern over 28% rate on PCs, printers, other IT products
New Delhi : IT hardware firms have asked the government that uniform GST rate of 18 per cent should be applied on IT products, like monitors and printers, instead of 28 per cent proposed for some items, which will make them expensive. The IT hardware industry body Manufacturers Association for Information Technology (MAIT) has also sought clarity from the government on two rates of proposed for printers under goods and services tax (GST), and demanded that IT products should be covered under lower slab of 18 per cent, which is closer to the current tax levels imposed on them.
At present, up to 18.5 per cent duty is levied on monitors and projectors. These items are also important component of personal computers on which 18 per cent GST rate will be levied.MAIT President Nitin Kunkolienker said: “The Finance Ministry immediately needs to clarify anomaly in tax slabs in printers, projector and printers. All of these items along with IT accessories as Data cable collectively form important part of ‘Digital India’ and they should be taxed at 18 per cent to make Digital India successful.”
“As per the current tax norms, the taxes on printers are close to 18 per cent. However, there is ambiguity in the new tax slabs announced by GST council as printers figure both in 18 and 28 per cent slabs. Hence, we request for clarification on the tax slabs and would urge the government to keep the tax at 18 per cent in line with the existing structure," HP India Senior Director for Printing Systems, Raj Kumar Rishi said.“It’s recommended that the list of IT goods as provided in the Information Technology Agreement to which India is a signatory be subject to GST at the rate of 18 percent.
