For reprint rights: GST Network enables functionality to help GST payers on ITC eligibility, GST compensation: Siddaramaiah attacks Yediyurappa, asks Centre to fill entire GST gap, GST Council meeting postponed to October 5: Sources, GST Council meeting: Centre places two borrowing options for states to meet GST revenue shortfall, States to take up GST compensation in monsoon session. Mobile phones are all set to get expensive after the centre’s decision to hike the Good and Services Tax (GST) on cellular …
"Mobile Phones is the only sector that has performed under flagship 'Make In India' program of the government.
https://t.co/hOMpSpTyKk. At least all devices under $200 (=₹15,000) must be exempted from this.
Higher taxes on mobile phones and smartphones in the past have also resulted in higher incidences of duty evasion by unethical market participants, and have led to legitimate revenue loss for the government. GST on mobile phones hiked to 18% from 12%: Nirmala Sitharaman. According to an IDC (International Data Corporation) report, the Indian smartphone market grew only by an 8% YoY in 2019, though India was still amongst a handful of top markets last year. Earlier, Mohindroo had written a letter to the finance ministry stating that the sector is already under deep stress "because of disruption in the supply chain due to coronavirus outbreak" and therefore, a hike in GST at this point of time is inappropriate. Hence, it was a price neutral transition to GST. The GST Council in its 39th meeting has increased GST rates for several products including mobile phones.
I againappeal to GST- COUNCIL to reconsider proposal of giving EXCLUSIVE rights of Taxing all Amusement/ Entertainments/ Cinemas/ Telecasting, DTH, Cable TVs etc= to State Govts. It has to start with more people coming in the smartphone fold. "Considering the current supply and projected demand scenario in the next couple of quarters, brands are not in any position to absorb this hike. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. GST on cellphones, footwear, textiles to be rationalised on March 14. 999 and Rs. The GST hike is contrary to the Prime Minister’s vision to make India the world leader in mobile phone manufacturing. Now, States depend on narrow bases for own taxation-avenues or, funds of out of own taxation. This will alert our moderators to take action. NEW DELHI: The Goods and Services Tax (GST) Council is likely to consider a proposal to increase GST on mobile phones to 18% in its next meeting to be held on March 14 to correct the inverted duty structure being faced by the industry, said officials aware of the development.