Will India impose GST on school books, tax on school books
News Claim: Various messages viral on social media claims that India is the first country to Impose a tax on school books.
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Posted by Bluffmaster Modi on Sunday, 13 September 2020
???? ??? ???? ?? ??? ??? ??????? ?? ????? ???? ?? ???? ?? ???? ????? ?? ???? ?? ?? ??? ??? comment ?? ?? ??????????????? @dineshbjp09 @aajtak #study #books4reading #tax pic.twitter.com/Vu5UZfL4QN
— Ashish Sahu (@AshishS17373782) September 22, 2020
Truth and Verification: This is an old viral message over the government imposing a tax on a school books. The government of India has not made any recent changes in the school books tax system and still no tax is levied on school books.
As per cleartax, no tax is imposed on printed school books.
Pibfactcheck.,a government initiative factcheck twitter handle also clarified for the same information, it stated that no tax is imposed on school books and the viral message is fake.
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— PIB Fact Check (@PIBFactCheck) September 24, 2020
However, there is a glitch in the above, as per thehindubusinessline. books continue to remain exempt under GST, but inputs such as printing, binding, and royalties to authors now attract tax at 12 percent. Since the publishers don’t get an input tax credit, they now propose to pass it on to customers. So basically, the books become costlier.
Verdict: Partially true, we have to pay for the royalties and other things needed to print a book.
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