Back to Career News

GST rate could rise on mobile phones

March 12, 2020

GST rate could rise on mobile phones
GST rate could rise on mobile phones by 18% which is currently 12%. GST council could consider a proposal to raise GST rate on footwear, fertilizers and mobile phones. 
 
An official said, “The inverted duty on mobile phones, footwear, fertilizers has been brought up several times, and it can be raised this time”. 
 
For Man made fibers, textile ministry will not bring a tax slab as it is going to benefit textile sector.

Recommended for you ...

India likely to be fastest growing economy
India likely to be fastest growing economy

August 12, 2022

Building a strategic procurement function in retail banking
Building a strategic procurement function in retail banking

August 12, 2022

ICICI Bank hits ₹6 trillion m-cap the first time
ICICI Bank hits ₹6 trillion m-cap the first time

August 12, 2022

Chat on WhatsApp