In 39th GST Council meeting on 14th March 2020 at Delhi, Council has decided to increase the GST rate on mobile phones to 18%. Previously such mobiles phones were chargeable at 12% however their parts and accessories were liable at 12% which was leading to inverted duty structure result in claim of GST Refund. To overcome this situation, GST rate on mobile phone has been increased to 18%. Such increased GST rate on mobile phones will be applicable from the date of notification which is yet to be published.
Related posts
Post Views: 32 In India GST Registration is not a mandatory to start any Business. A business can be start without obtaining GST Registration. However GST Registration becomes mandatory in certain cases which we will discuss later in this...
GST Consultant, GST Consultant in Vaishali, GST Registration Consultant, GST Registration in Ghaziabad, GST Registration in Vaishali, How to apply for GST Registration, Section 24 of CGST Act
Post Views: 309 Summarized Update on 47th GST Council Meeting held on 28-29 June 2022 E-Commerce Operator: (Effective from 1 Jan 2023 positively) Now supplier which are supplying through E-commerce operator is not liable for mandatory GST Registration if...
Post Views: 278 Input Tax Credit under GST Input Tax Credit is defined under section 2(63) of CGST Act 2017 as “the credit of Input Tax”. Input Tax is defined in Section 2(62) of CGST Act 2017 as “input...
Blocked Credit, Conditions to avail ITC, How to reverse ITC, Interest Rate on reversal of ITC, ITC of compensation cess, ITC Provisions under GST, Section 17(5) of CGST, Situation where ITC cannot claim