HP Hikes costs of Multifunction Printers and Cartridges after GST

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Tech giant HP has hiked costs of its multifunction printers (MFPs) and cartridges by up to 15% because of higher tax levy on these items post GST.

However, the costs of notebooks pad and desktops stay unchanged.

HP said the maximum retail price (MRP) of MFPs has been expanded by 8-10%, while ink cartridges will be dearer by 12-15%.

There is no change in the costs of desktops, notebooks and single-function printers as there is no effective change in tax rates for these products.

The organization has published the new value list in leading dailies.

The government had requested traders and businesses to issue advertisements about increase in MRP post implementation of the Goods and Services Tax (GST).

After the rollout of GST from July 1, MFPs are presently being taxed at 28% compared to 18 per cent prior.

Similarly, ink cartridges are likewise in the 28% GST tax slab compared to 15-18% previously.

Notebooks are being taxed at 18%, which is similar to previous rates.

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