Read This to Know the Impact of GST on Laptops

Soon after the implementation of Goods and Services Tax, it would not be wrong to say that the Indian economy has changed a lot. Yes, the moment this indirect taxation system has entered into the market, its impact has created a lot of difference in the lives of many. This is the reason why this term GST has always been in demand.

If we are talking about the same, how can we forget not to talk about the impact of GST on laptops. But before we move on further, let’ just talk more about this indirect taxation system below.

What is Goods and Services Tax?

This taxation system is the replacement of all the indirect taxes such as VAT, Service Tax, Entertainment Tax, etc. The tax rate has been divided into five different slabs ranging from 0%, 5%, 12%, 18% to 28% respectively. This Goods and Services Tax is no doubt one such system which will replace all the other in-direct taxes and form it one. It will create an impact on plenty of industries and sectors, allowing you to pay extra or less on some products and services.

So, let’s just know below the impact of this indirect taxation on laptops and desktops.

Talking more about the same, it would not be wrong to say that laptops and desktops attract a tax rate of 18%, which was earlier used to be 14%-15%. So, if you are someone who is planning to buy any of these products in recent times, be ready to pay a little extra now.

GST Impact on Laptops

Dell Inspiron 15 Laptop

Price Before GST:RS.46,390

Price After GST:RS.48,246

Dell Inspiron 5447 Notebook

Price Before GST:RS.38,790

Price After GST:RS.40,341

Acer Aspire E1-570 Notebook

Price Before GST:RS.36,099

Price After GST:RS.37,542

HP Pavilion 15-N209TX Notebook

Price Before GST:RS.47,489

Price After GST:RS.49,388

Impact on Monitors and Printers

With the effect of GST, monitors and projectors will attract a rate of 28%, which was earlier used to be 18.5%. So, it would not be wrong to say that your expenses on these items have been increased. These items have become costlier hence there’s going to be a huge burden on your wallet as far as buying these items are concerned.

Impact on Other IT Accessories

Apart from creating the impact of GST on laptops, there is no denying the fact that this indirect tax regime will create an impact on other IT accessories. Yes, IT accessories such as LAN and data cable will attract 28%, which was earlier used to be 17.5%. Other than that, items like photocopying, fax machines, ink cartridges will levy 28% GST instead of 18%.

Talking more about the same, there is no denying the fact that these items like printers, projectors play a pivotal role in Digital Move, hence these new changes are going to benefit you in the long run.

Hope this article-GST on laptops was worth reading for you!