Due to increased Goods and Services Tax (GST) MFP prices are set to rise.
Dgindia.com reported that although single function printer prices have fallen due to GST rates those of the MFP have increased due to the GST rate which was initially set at 28 percent for all printers untile the GST Council revised it to 18 percent for single-function models.
When this comes into effect the market may see a rise in the sale of single function printers but that is questionable as yet since their sales have been going down over the past few years. This is the opposite of the MFP market which has been rising up until now and OEMs in the Indian market may face a downtrend as consumers are outpriced.