From April 1, 2020, mobile phones will become 6 percent more expensive. In the 39th meeting of the Goods and Services Tax (GST) Council held here on Saturday under the chairmanship of Union Finance Minister Nirmala Sitharaman, it was decided to increase the GST on mobile phones from 12 to 18 per cent.
On the other hand, the government has increased the GST rate to 12% on all kinds of matches made by hand and machine. Nirmala Sitharaman said that at present, the rate of GST on mobile phones and its special parts is 12 percent. The council has agreed to increase the GST rate to 18 per cent on these two.
In the meeting, it has been said to levy interest on the total tax from July 1 on the delay in GST payment. However, some relief has been given to small traders. The deadline for filing GSTR-9C has been relaxed. Businessmen with annual turnovers up to 50 million have been extended to 30 June 2020 for filing the annual returns for FY 2018-19 and resolving the details. This rule will also apply if there is a delay in filing the resolution of the statement.
