Effect Of GST On Mobile Phones After May Mobile Phones Costs Are Going High
Although we're still some way away from the GST becoming a reality in India, the two-day GST-council meet has begun, and is working on slabs for different items. There is a four-tier tax structure, of 5, 12, 18, and 28 percent that will be followed, along with a cess on certain items. According to reports, this is not going to have good results for people who want to buy gadgets, as the tax on things like mobiles, DTH, Internet services, and so on are likely to go up.
This will also have an impact on the Make in India initiative, as phones being assembled in India were significantly cheaper thanks to lower duties. With GST, phones will become available with a duty of just 12 percent, compared to 17 to 27 percent earlier so imported phones should get cheaper.
This will also have an impact on the Make in India initiative, as phones being assembled in India were significantly cheaper thanks to lower duties. With GST, phones will become available with a duty of just 12 percent, compared to 17 to 27 percent earlier so imported phones should get cheaper.
