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 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 be effective July.

Sitharaman said all