This article will guide you about important information regarding GST on Television in India.
The introduction of GST has had a significant impact on the television industry, affecting both Indian manufacturers and customers.
Thus, it’s important to know about GST on Television [TV] in India.
Understanding the Taxability of GST on Television Sales
- Under GST regulations, the sale of televisions and other electric items is subject to tax.
- Section 7 of the Goods and Services Act 2017 states that all supplies are subject to GST unless exempted in a specific manner. Therefore, the sale or lease of a television is subject to GST at a specific rate.
- The sale of televisions is taxable under GST. So, it is not exempted by any notification.
- The price displayed in outlets or online shopping platforms for televisions generally includes GST.
- The value of the supply for GST computation when selling televisions, is the selling price of the TV and its accessories.
GST Rates on Television with HSN Code
HSN code Chapter 85 includes HSN codes for televisions and their related accessories.
Televisions falling under HSN Chapter 85 are subject to GST rates ranging from 18% to 28%.
Use the following table to understand various GST Rates on TV & TV Accessories:
|HSN code||Items||GST rate|
|8528||LED TV less than or up to 32 inches||18%|
|8528||Set Top Box for TV||18%|
|8528||Monitors and projectors||28%|
|8528||LED TV 43 inches||28%|
|8528||LED TV 55 inches||28%|
|8528||LED TV 55 inches and above||28%|
Faqs related to GST on Television in India
Can Input Tax Credit be claimed on the purchase of a television?
Yes, Input Tax Credit (ITC) is permitted on purchase of a television.
Section 17(5) of the Central Goods and Services Tax Act 2017 does not impose any restrictions on claiming ITC for televisions.
What is the GST rate for smart televisions?
The GST rate for smart TVs is determined by the size of the screen.
- If the screen size is 32 inches or less, then 18% GST is charged.
- However, if the screen size is greater than 32 inches, then 28% GST is levied.
What is the HSN code for LED televisions?
The HSN code for LED televisions is 8528.
How is the GST discount treated when purchasing a television?
If the discount was not predetermined during the sale of a television, it cannot be deducted from the value of sales for the purpose of computing GST.
In conclusion, the introduction of GST has had a significant impact on the television industry in India, affecting both manufacturers and customers.
The sale of televisions and related accessories is subject to GST rates ranging from 18% to 28%, depending on the size of the screen.
However, Input Tax Credit can be claimed on the purchase of a television for businesses having GST Registration, as there are no restrictions imposed by the Central Goods and Services Tax Act.
When purchasing a television, it’s important to note that any discounts cannot be deducted from the value of sales for the purpose of computing GST unless it was predetermined during the sale.
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