Apple’s new AirPods 4 are now available in the market with new features. In India, if you buy Apple’s AirPods 4, you have to pay GST at a rate of 18% raising its overall price. But, you can also save GST on Apple AirPods 4 in India. Let’s learn how through this article.
Understanding GST on Apple AirPods 4
The AirPods 4 are subject to 18% GST in India. For instance, if the price is Rs. 20,000/- then 18% GST will apply that means additional cost of Rs. 3600 and thus total cost will become Rs. 23, 600. And it is mandatory that you pay GST on electronic products like these.
Steps to Save GST on Apple AirPods 4 in India
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Get GST Invoice
You can buy the AirPods 4 for your business, for that you will need to get a GST Number. The store will bill the AirPods to your business name and give a tax invoice for your business.
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Claim ITC on GST Returns
After getting GST Invoices for AirPods 4 purchase for your business, you can do GST Return Filing. Once you do GST Return Filing, you can claim the 18% GST claim as credit and thus lowering your taxes your business has to pay.
Learn More: An Overview of GST- Benefits & Important Components
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Employee Reimbursement
Employees can ask their employers and they can buy the Apple AirPods 4 for them with their business GST Number. They can claim the GST for their taxes and you can then get reimbursed.
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Get GST Registration
If you are a freelancer, you can start a business and get it registered through the GST Registration process. Thus, you get to save taxes on your purchases and use your favourite products.
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Depreciation
Apple AirPods 4 can be bought as a business asset and then you can claim depreciation on them through ITR Filing.
Conclusion
While GST is unavoidable, the ways mentioned above can help you save money on your Apple AirPods 4 purchase. Thus, You can reduce the overall cost by claiming input tax credits and other deductions on AirPods 4, especially if you are purchasing for business purposes.
What are the benefit for applying for the gst number in india
Moreover, If you want any other guidance relating to GST Registration on readymade garments, please feel free to talk to our business advisors at 8881-069-069.
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