2 Jan 2019
INDIA: TVs and Digital Cameras Among Raft of Products Granted Reduced GST Liability
TVs with screens of up to 32 inches and digital cameras are among the items that had their Goods and Services Tax (GST) liability cut from 28% to 18% as of 1 January this year. Among the other items to be switched from the 28% band – the highest of the GST’s four tax tiers – to the 18% band are video cameras, gaming consoles and lithium ion battery power banks. Following this latest raft of changes, only 28 items – including tobacco products, yachts and certain motor vehicles – remain within the 28% tax band.
Further details of the changes (including the HS Codes of the re-designated items) can be found here.