GST on TV in India: HSN Code and GST Rate for LED Televisions
Various television types are liable for Goods and Services Tax (GST). The implementation of GST and the subsequent subsuming of all other tax regimes have impacted the television industry and its components in different ways. GST on TV has impacted both manufacturers as well as consumers in India.
In this article:
- GST on TV
- Price of TV before and under GST
- TV GST rate and HSN code
- FAQs to address common concerns
GST on the sale of TV
Under GST, sale of television or sale of TV is taxed as any other electronic item. Section 7 states that any supply will be covered under the scope of GST unless specifically exempted. Hence, sale or leasing of TV is subject to GST at rates discussed in the next section. Sale of TV or leasing of TV is taxable under GST and not exempt by any notification.
The MRP of TV in stores or price quoted in online shopping is generally inclusive of GST. For sale of TV, the value of supply to compute GST is the sale price of the TV and its accessories.
Price of TV before and under GST
During the pre-GST era, most of the states in the country levied a Value added tax (VAT) on home electronics at the rate of 11% to 12.5%. Then again, the same electronics segment also had excise duty of 12.5%. So, consumers paid 23-28% as taxes on televisions. Some states used to charge OCTROI at 5% over and above the above rate.
With the introduction of GST on televisions, the bifurcation in taxation has been done away with. Now televisions attract only GST at rates between 18% and 28%. So the prices of smaller TVs came down overall after the introduction of GST. However, the prices of luxury or large sized TVs are still high.
| Particulars | Before GST (Rs) | Post GST (Rs) |
|---|---|---|
| Value of LED TV 32 inches | 10,000 | 10,000 |
| Add: Excise duty at 12.5% | 1,250 | – |
| Total value | 11,250 | 10,000 |
| Add: VAT at 12.5% | 1,406 | – |
| Add: GST at 18% | – | 1,800 |
| MRP of LED TV 32 inches | 12,656 | 11,800 |
HSN Code and GST on TV in India
HSN Chapter 85 contains the HSN code for all televisions and parts thereof. Televisions under chapter 85 of HSN are taxed at 18% to 28% GST.
| HSN code | Items | GST |
|---|---|---|
| 8528 | GST on LED TV 32 inches and below | 18% |
| 8528 | Set top Box for Television (TV) | 18% |
| 8528 | Monitors and projectors | 28% |
| 8528 | GST on LED TV 43 inches | 28% |
| 8528 | GST on LED TV 55 inch, | 28% |
| 8528 | GST on LED TV 55 inch and above | 28% |
Read more: GST on Mobile Phones: Applicability, HSN Code and GST Rate
Frequently Asked Questions
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