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Mobile phone prices to go up as GST Council raises tax to 18%

Mobile phone prices to go up as GST Council raises tax to 18%

The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Anurag Thakur besides Finance Ministers of States & UTs and seniors officers of the Ministry of Finance.

GST Council took following decisions relating to changes in GST rates on supply of goods and services.

  1. The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the GST Council for discussion. The Council had a detailed discussion on the matter. Upon discussion the Council made the following recommendations:To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%.

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About Sumit Parakh

Sumit Parakh
Sumit Parakh is the Senior Editor at Postman News. He has five years of experience in the Industry and have worked with many renowned publications. He can be reached at [email protected]

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