Could your next smartphone get cheaper as GST Council reviews tax?
- The GST Council may consider cutting the 18% tax on mobile phones at its September 12 meeting.
- The proposal comes as demand for mobile handsets has slowed, raising concerns over the sector’s growth.
- The Council is also expected to discuss GST compliance, input tax credit and the inverted duty structure.
- It may consider automated, risk-based GST refunds and measures to protect genuine buyers from lost input tax credit.
Source: siasat.com
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