• SENSEX
    NIFTY 50
Finance

GST Council fixes 18% tax rate on mobile phones; no rate hike for textiles, footwear and fertilisers

Updated : March 14, 2020 07:05 PM IST

Currently, cellphones attract a GST rate of 12 percent, while its inputs are taxed at 18 percent.
With the current economic slowdown and impact of coronavirus, the Council deferred the proposal of hike in rates on fertilizers and footwear.
GST Council fixes 18% tax rate on mobile phones; no rate hike for textiles, footwear and fertilisers

You May Also Like

Live TV
Advertisement