Printed books, brochures, and leaflets fall under the category of printed matter, a commodity that is a form of communication and information sharing. Communication is an essential part of society, and printed matter plays a significant role in it. Printed matter can be used for various purposes, including advertising, promoting goods or services, educational purposes, and much more. In this article, we are going to cover the GST rates and HSN code for Printed Books, Brochures, Leaflets.
GST, which stands for Goods and Services Tax, is an indirect tax levied on the supply of goods and services in India. It was introduced on 1st July 2017 and is governed by the GST Council, which is headed by the Union Finance Minister and comprises representatives from all states and union territories.
Printed books, brochures, and leaflets are classified under the HSN code 4901. The GST rate for printed books, brochures, and leaflets is 12%. The 12% GST rate is applicable to all types of printed books, including textbooks, storybooks, reference books, and more.
The GST rate of 12% is also applicable to brochures and leaflets. Brochures are used for advertising and promoting goods or services. They are usually printed on glossy paper and have a design that is visually appealing. Leaflets, on the other hand, are used for conveying information about a product or service. They are usually printed on plain paper and are not as visually appealing as brochures. Both brochures and leaflets fall under the HSN code 4901 and are subject to a 12% GST rate.
The introduction of GST has brought several benefits for small and medium business owners. One of the primary benefits is the simplification of the tax system. Under the previous tax regime, business owners had to pay multiple taxes, including excise duty, service tax, and state taxes. The introduction of GST has replaced all these taxes with a single tax, making it easier for business owners to comply with the tax laws.
Another benefit of GST is the increase in transparency. Under the previous tax regime, business owners had to deal with multiple tax authorities, which led to corruption and tax evasion. The introduction of GST has eliminated the need for multiple tax authorities and has made the tax system more transparent.
Printed books, brochures, and leaflets are an essential part of communication and information sharing. The GST rate for printed books, brochures, and leaflets is 12%, and they fall under the HSN code 4901. The introduction of GST has brought several benefits for small and medium business owners, including simplification of the tax system and an increase in transparency. As a business owner, it is essential to stay updated about the latest tax laws and regulations to ensure compliance and avoid penalties.
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