GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

In a move that is likely to make mobile phones more expensive, GST Council today proposed a high in the Goods and Services Tax (GST) rates on mobile phones and allied parts.

Addressing a press conference following the GST Council meet, Finance Minister Nirmala Sitharaman said the Council also brought the manufacture of matches to a common rate of 12 per cent across the board. Earlier, hand-made matches attracted 5 per cent, while machine-made ones attracted 18 per cent. 

She also said interest for delayed GST payment will be charged on net tax liability, not gross tax liability, and would