IT hardware price to rise at proposed 28 per cent GST rate – The Economic Times

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 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.

“It is 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. This will also ensure that the aim of the government of digital India is achieved as GST at the rate of 28 per cent will make IT products expensive to the end customer,” Manufacturers Association for Information Technology (MAIT) said in a statement.

via IT products: IT hardware price to rise at proposed 28 per cent GST rate – The Economic Times