GST slashed for Com­puter Mon­i­tors Upto 20 inch

The DQWeek (Chennai) - - FRONT PAGE - JY­OTI BHA­GAT New Delhi Visit: www.dqweek.com for com­ments

The big re­lief came to traders as GST Coun­cil ap­proved changes tax rates of at least 30 prod­ucts. IT traders got relieved when coun­cil an­nounced a slashed tax rate on com­put­ers mon­i­tors up to 20 inches. Ear­lier 28% of GST was im­posed on com­put­ers mon­i­tors up to 20 inches but from now on 18% will be the GST rate. The said rate will be soon im­ple­mented. Fi­nally, con­sumers have now many rea­sons to cheer.

The an­nounce­ment was done by GST Coun­cil in its 21st Meet­ing which was held on 9th Sep­tem­ber. The coun­cil has ap­proved many changes in at least 30 prod­ucts tax rates. Com­ment­ing on the re­duced rate on com­puter mon­i­tors many well known IT chan­nel part­ners have shares their views.

Talk­ing to The DQ Week Saket Kapoor of Green Vi­sion, Chan­nel part­ner in Delhi says, “We are happy with this an­nounce­ment, prior to this we had al­ready pro­posed tax cut in the mon­i­tor’s rate to the coun­cil with help of IT Min­is­ter in June. These re­duced rates will def­i­nitely help to grow our busi­ness.”

‘This is a good de­ci­sion and I per­son­ally ap­pre­ci­ate this and it is a step to­ward ra­tio­nal­iza­tion in the tax slab. And this is what the com­mu­nity wanted’ Kapoor adds fur­ther.

Shar­ing the views on re­duced GST rate TAIT Gen­eral Sec­re­tary, Sameer Me­hta owner of Com­puter Call­ers says, ‘The GST Coun­cil has al­ready de­cided to con­sti­tute a Group of Min­is­ters to mon­i­tor and re­solve the IT chal­lenges faced dur­ing GST im­ple­men­ta­tion. Let’s hope for the best as of now we are wait­ing for the ap­proval of Pres­i­dent of In­dia for this de­ci­sion. We traders are hop­ing that this will be def­i­nitely get­ting ac­cepted. And it will also get im­ple­mented soon’.

‘Now the mar­ket is sell­ing mon­i­tors at 28%. When­ever sell­ing at 18% will start the 10% re­duced tax will take us to the in­crease in con­sumers. The fes­tive sea­son is com­ing so it will be good gain­ing for the part­ners who sells mon­i­tors’ adds Me­hta.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.