Mobile phones may get cheaper as GST Council mulls tax cut
Hyderabad, Aug. 30 -- The Goods and Services Tax (GST) Council may consider reducing the 18 per cent tax on mobile phones at its September 12 meeting.
The proposed rate cut comes amid a slowdown in mobile handset demand.
The Council is scheduled to meet after a gap of 374 days. Unlike its previous meeting, which focused largely on GST rate rationalisation, the upcoming session is expected to give greater attention to easing compliance for businesses.
GST compliance reforms likely to dominate meeting
Besides the mobile phone tax proposal, the Council is expected to examine several issues linked to GST compliance and input tax credit.
One major concern is the inverted duty structure, where the GST paid on inputs is higher than the tax ...
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