Explore GST rates, exemptions, and HSN codes for books and newspapers in India. Stay compliant with tax regulations for printed materials and publications.
The Goods and Services Tax (GST) system in India impacts various sectors, including books and newspapers. Understanding the GST rates and HSN codes for these products is vital for businesses and consumers. While books are generally exempt from GST, newspapers may attract reduced rates or exemptions based on their category.
Publishers, retailers, and consumers should be familiar with specific HSN codes, such as HSN code 4901 for books and 4902 for newspapers, to ensure compliance with tax regulations. This guide will delve into the GST rates, HSN codes, and exemptions for books and newspapers. This knowledge is essential for those involved in publishing, retail, and trade of these goods.
What is the GST on Books?
Books are exempt from GST in India under Chapter 49 of the GST Tariff, meaning they attract 0% GST. This exemption applies to printed books, educational textbooks, and religious scriptures, supporting affordability and literacy across the country.
GST Rates and Exemptions for Newspapers, Periodicals, and Printed Materials
In India, the Goods and Services Tax (GST) system impacts various printed materials, including newspapers, periodicals, and books. Newspapers and periodicals in print form are exempt from GST, while their digital versions attract a 18% GST rate. However, newspapers, journals, and periodicals that are published at least four times a week (HSN 4902) remain GST-exempt.
| Sl. No | Printed Material | HSN Code | GST Rate |
| 1 | Printed Books, Brochures, and Leaflets | HSN 4901 | 5% GST |
| 2 | Children’s Drawing and Coloring Books | HSN 4903 | GST Exempt |
| 3 | Printed Maps | HSN 4905 | GST Exempt |
| 4 | Music Manuscripts | HSN 4904 | GST Exempt |
How HSN Chapter 49 Impacts Taxation on Books?
HSN Chapter 49 governs printed materials taxation, including books, newspapers, and related products. Under this chapter, most books are classified as GST-exempt, ensuring they attract 0% GST, which aligns with the government’s goal to promote education, literacy, and information dissemination. As a result, printed books, educational textbooks, and religious scriptures are more accessible to a wider audience.
A 5% GST is charged on certain printed materials under Chapter 49, including periodicals with subscriptions, globes, and specialized journals. As a result of this limited taxation, revenue can be generated from non-essential printed products without burdening the general public with educational or general-purpose materials.
Furthermore, Chapter 49 categorizes other printed products, such as brochures, pamphlets, and printed advertisements, which may be subject to higher GST rates of 12% or 18%.
With Chapter 49, businesses and publishers can easily comply with GST regulations by knowing how each type of printed product is taxed. For specialized and commercial materials, it achieves a balance between affordability and fair taxation. Simplify your business compliance with registration under GST, Get started today!
HSN Code Classification for Different Types of Books
Understanding the correct classification of books under the GST system is essential for businesses to ensure proper tax categorization. Books are classified into various categories using HSN codes, each subject to different GST treatment. Here’s a breakdown:
- Printed Books (HSN 4901): Includes fiction, educational, and reference materials, which are generally exempt from GST with a 0% rate.
- Periodicals (HSN 4902): Journals, magazines, and similar publications fall under this category, also exempt from GST at a 0% rate.
- Digital/E-books: These are classified under services for GST purposes and are not assigned an HSN code for books.
- Specialised Publications (HSN 4911): Brochures, pamphlets, and leaflets fall under this category, subject to specific classification under GST.
HSN Code Examples for Different Types of Books
To help businesses with practical implementation, here are some common examples of books and their respective HSN codes:
- Educational Books: Classified under HSN 4901, attracting a 0% GST rate.
- Printed Storybooks: Also classified under HSN 4901, with a 0% GST rate.
- Newspapers: Classified under HSN 4902, attracting a 0% GST rate.
- Magazines and Journals: These publications fall under HSN 4902 and are subject to a 0% GST rate.
Conclusion
GST on books in India remains a vital tool for supporting education and literacy, as most printed books are exempt from GST. Newspapers, periodicals, and certain printed materials, however, attract specific GST rates depending on their category, such as a 5% tax on brochures and leaflets under HSN 4901.
Understanding the GST rates and HSN codes for books, newspapers, and other printed products is crucial for businesses, publishers, and consumers to ensure compliance. With proper knowledge of these classifications, businesses can navigate tax regulations seamlessly and contribute to the country’s goal of making education and information accessible to all.
FAQs About GST on Books
Books are exempt from GST in India, meaning they attract a 0% GST rate. This exemption includes printed books, educational textbooks, and religious scriptures.
The HSN code for books is 4901, which includes printed books, educational materials, and reference books that are generally GST-exempt.
Yes, newspapers are exempt from GST in print form. However, digital versions attract an 18% GST rate.
Newspapers are classified under HSN code 49029020, which is GST-exempt for printed newspapers.
Printed materials like pamphlets and brochures fall under HSN 49011020 and typically attract a 5% GST rate.
Yes, certain printed materials such as educational books, children’s books, and religious texts are exempt from GST under specific HSN codes.
Yes, publishers need to file GST returns for books, newspapers, and printed materials, ensuring compliance with tax regulations. What is the GST rate on books in India?
What is the HSN code for books under GST?
Are newspapers exempt from GST?
What is the HSN code for newspapers?
What is the GST rate on printed materials like pamphlets?
Are there any exemptions for printed materials under GST?
Do publishers need to file GST returns for books and newspapers?
