Business Other News 15 Mar 2020 GST on mobile phones ...

GST on mobile phones, accessories hiked

REUTERS
Published Mar 15, 2020, 5:18 pm IST
Updated Mar 15, 2020, 5:18 pm IST
The move could make popular mobile phones from firms including Apple Inc and Samsung more expensive
Representative Image (AP)
 Representative Image (AP)

NEW DELHI: India’s Goods and Services Tax Council has increased the tax on mobile phones and parts, said finance minister Nirmala Sitharaman, a move that could lead to higher prices.

Sitharaman, who heads the council, composed of representatives from all Indian states, said taxes on mobile phones and parts would rise to 18% from 12%.

 

The move could make popular mobile phones from firms including Apple Inc and Samsung more expensive. The government raised import duty on such devices earlier this year.

Sitharaman also said the council had decided to reduce GST rate on Maintenance, Repair and Overhaul (MRO) services for aircraft from 18% to 5%.

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Location: India, Delhi, New Delhi




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