WebFeb 1, 2024 · The government is going to revise custom duties of components or sub-parts of consumer electronics and mobile phones in order to encourage local manufacturing. … WebApr 18, 2024 · 8,500. VAT charged @ 14% or GST charged @18% on the above value (h) 70 (1,201-1,131) 90 (1,530-1,440) Total price. 8,650. 8,590. The above table is the application of GST that has reduced the prices of mobile phones because of the elimination of the concept of tax-on-tax.
Mobile and electronics association wants 12 per cent GST on mobile phones
WebDec 30, 2024 · UPDATE: As per 39 th GST Council Meeting, the GST rate on mobile phones and the specified parts will be increased from 12% to 18% with effect from 1 st April, 2024. Mobile phones and mobile accessories in India have been brought under Goods and Services Tax. The GST rate on mobiles is currently 12% irrespective of … Web16 hours ago · Electronics goods, including mobile phones were a highlight, rising over 50% to $23.6 billion. Among services, there is a healthy growth in areas including IT, accounting and business processing ... playing xbox on pc windows 10
GST Rates in 2024 - List of Goods & Service Tax Rates …
WebDec 26, 2024 · The tax is charged at 20% of the device’s price, plus applicable taxes. You must declare the GST on mobile phones when you submit your income tax return. If … WebMobile phones are all set to get expensive after the centre’s decision to hike the Good and Services Tax (GST) on cellular handsets to 18% from the current 12%. WebMar 14, 2024 · Mobile phones will attract an 18% goods and services tax (GST) rate from April 1, 2024, up from existing 12%, after the GST Council corrected the inverted duty structure that was being faced by the industry. The Council, however, deferred rationalizing the tax structure of fertilizers, man-made yarn, fibre and footwear, to the next meeting. prime guard oil filter pof241