GST On Printer – Rates, HSN Codes & Cost Impact

Goods and Services Tax (GST) is a single tax system in India that applies to the sale of goods and services. It has replaced older taxes like VAT and excise duty.

Printers are taxed under GST as electronic goods. The GST rate on printers is usually 18%. This includes inkjet, laser, and multifunction printers.

Let’s understand this with an example:

Arjun, a small business owner, buys a printer for his office. The base price of the printer is ₹10,000. He pays 18% GST, which is ₹1,800. So, the total amount he pays is ₹11,800.

Printers are commonly used in homes, offices, schools, and businesses for printing documents, photos, and reports. Under the Goods and Services Tax (GST) system in India, printers are classified as electronic goods and attract a uniform tax rate. 

The GST rate remains the same across various types of printers, regardless of their features or usage. The table below provides an overview of different categories of printers, their average prices, and the applicable GST rate.

HSN Codes for Different Types of Printers

Printers and their related equipment are classified under different HSN (Harmonised System of Nomenclature) codes for taxation purposes under GST in India. The classification depends on the type of printer, its use

Read More – GST on Phone in India – Why Your ₹15,000 Phone Costs ₹17,700!

Whether it is a finished product or a part, or an accessory. Understanding the correct HSN code helps ensure accurate billing and tax compliance. Below is a table showing various types of printers along with their respective HSN codes and applicable GST rates.

Impact of GST on the Printer Industry

The Goods and Services Tax (GST) is a single tax applied across India on the supply of goods and services. For the printer industry, GST has brought some clarity but also a few challenges, especially in pricing and profit margins.

Let’s say Mr. Arjun runs a small business selling printers. Before GST, he paid different taxes like VAT, excise duty, and service tax. After GST, these were replaced with one tax. This made billing and tax filing easier. 

But the GST rate on printers is 18%, which is higher than some earlier taxes. As a result, the price of some printers went up, affecting sales slightly.

What Is Input Tax Credit (ITC)?

Input Tax Credit (ITC) is a benefit under the GST system. It means if a business pays GST on something it buys (like a printer), it can claim back that tax when paying GST on things it sells. It helps avoid “tax on tax” and reduces the overall tax burden for businesses.

When Can You Claim ITC on a Printer?

You can claim ITC on a printer if:

1. The printer is used for business purposes, not personal use.
2. You have a tax invoice from a registered supplier.
3. The supplier has paid the GST to the government.
4. You have received the printer (delivered).
5. You have filed your GST returns properly.

GST Rate on Printers:

Most printers are taxed at 18% GST under HSN code 8443. This 18% becomes your input tax, which can be claimed as a credit.

Example:

Suppose you run a printing business.

• You buy a printer for ₹20,000 and pay 18% GST, which is ₹3,600.
• So, total amount paid = ₹20,000 + ₹3,600 = ₹23,600.

You also offer printing services to customers and collect ₹10,000 GST from them during the month.

Now, when you pay your GST to the government:

• GST collected from customers: ₹10,000
• Less input tax credit (printer GST): ₹3,600
• GST to pay to the government: ₹6,400

So, you get ₹3,600 as credit and pay only the remaining.

Conclusion

The introduction of GST has made the tax system simpler and more transparent for the printer industry. Printers are taxed at a flat rate of 18%, which may have increased prices slightly, but it also allows businesses to claim Input Tax Credit (ITC) on purchases.

Also Read - How to Calculate Company Valuation – Step-by-Step Guide

This means if a business buys a printer for work use, it can get back the GST paid, which helps reduce overall costs. In short, GST has made tax filing easier and allows proper businesses to save money through credit, even though the tax rate is a bit higher than before.

FAQ’s

1. What is the GST rate on printers?
Printers are taxed at 18% GST in India. This includes both CGST and SGST for local sales, or IGST for interstate sales.

2. Can businesses claim input tax credit on printers?
Yes, if the printer is used for business purposes, the GST paid can be claimed as Input Tax Credit (ITC).

3. Is GST the same for all types of printers?
Most standard printers fall under the 18% GST rate, but specialised or industrial printers may have different classifications.

4. Do individuals buying printers for home use get any GST benefit?
No, only registered businesses can claim input tax credit. Individuals buying for personal use cannot claim any GST refund.

5. What documents are needed to claim ITC on a printer?
You must have a valid tax invoice, proof of delivery, and the supplier must be GST registered and have filed returns.

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?