Sage-Tips

What is the GST rate for printing?

18\%
Under the new system, cartons, boxes, bags, packing containers of paper, miscellaneous goods of paper such as cards, catalogue, printed material (Chapter 49 of tariff) and other related items, effective 1 October 2021 will attract 18\% GST instead of the previously levied 12\%.

What is the GST rate for electrical items?

The rate for each household electronic appliance like the fridge, washing machine, vacuum cleaner etc is fixed at the rate of 28\% under GST.

Is GST applicable for printing press?

The Karnataka Appellate Authority of Advance Ruling (AAAR) ruled that 12\% GST is applicable on printing and supply of trade advertisements. The activity of printing is based on specifications provided by the clients in terms of design, size, material etc.

Is GST applicable for Printed books?

Book lovers and students will now have to pay more as books will become costlier by 10-20 per cent under the Goods and Services Tax regime. Though books continue to remain exempt under GST, but inputs such as printing, binding and royalties to authors now attract tax at 12 per cent.

Can we take GST input printing and stationery?

Yes, ITC is eligible on computer stationery, since it is use in furtherance of bussines & paying GST on output goods & services.

Can we claim input GST on printing and stationery?

Can we claim GST input on office stationery etc. on the output payable? Yes, it has direct nexus wih the Output service/goods & has been used to provide the output. Ofcourse , provided the stationery pays and files returns with your GSTIN.

What is the GST rate on LED lights?

12\%
LED Bulbs and Lights All types of LED light fittings attract 12\% GST: LED lights or fixtures including LED lamps.

How do you calculate GST on electronics?

The formula for GST calculation:

1. Add GST: GST Amount = (Original Cost x GST\%)/100. Net Price = Original Cost + GST Amount.
2. Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST\%)}] Net Price = Original Cost – GST Amount.

Is GST applicable for printed books?

Is GST applicable on print industry?

Printing Industry is a very wide Industry ranging from Newspapers to Commercial Books and Periodicals. Involvement of Jobwork and changes in definitions have made significant changes in the way GST Applies on Printing Works vis-à-vis Earlier VAT & Service Tax Regime. This article is less legal and more for information purpose.

What is the GST rate for brochures and leaflets?

6.1 The applicant states that if one looks for the GST rate of brochures and leaflets, using the GST Rate Finder App launched by the Central Board of Excise and Customs, it shows that this comes under HSN 4901, meaning 5\% GST is applicable to these jobs. This means that these jobs fall under the “supply of goods”.

What is the tax on printing services?

If the supply of services is related to the printing of newspapers, books (including Braille books), journals and periodicals, then such supplies are taxable under entry no. 27 (i) of Notification No. 11/2017 – Central Tax (Rate) dated 28.06.2017 as amended from time to time and is liable to tax at 6\% CGST plus 6\% SGST. b.

What is GST and how does it work?

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.