Prescription glasses are zero-rated for GST when dispensed by a registered optician with a valid prescription. Contact lenses and non-prescription eyewear prescribed by licensed practitioners also qualify for this status. Service charges for lens edging machines incur GST at different rates. Proper classification is vital for tax compliance.
The tax rate on prescription glasses is often lower than on other goods. In India, for example, prescription eyewear attracts a GST rate of 5%. This reduced rate aims to make essential healthcare products more accessible. However, it’s important to note that non-prescription eyewear, such as sunglasses, may be subject to a higher tax rate.
Certain exemptions may apply depending on local laws. Some regions exempt specific types of vision-correcting devices from GST entirely. Therefore, it is essential for consumers to check local regulations regarding GST on prescription glasses.
Understanding whether GST is payable on prescription glasses is crucial for budget-conscious consumers. In the next section, we will discuss the specific exemptions and conditions under which GST may not apply to prescription eyewear, providing clarity for potential purchasers.
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