As India prepares for its upcoming Goods and Services Tax (GST) reforms, the mobile phone industry is pushing for a major change that could impact buyers directly. The India Cellular & Electronics Association (ICEA) has urged the government to reduce GST on mobile phones from 18% to 5%.
The CESTAT Delhi in the case of M/s Samsung India Electronics Pvt. Ltd. held that lithium-ion batteries imported for manufacture of mobile phones are classifiable under Serial No. 203 of Schedule II of Notification No. 01/2017-IGST (Rate) dated June 28, 2017, and are liable to IGST at 12%, and not at 28%/ 18% as alleged by the Department.
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that intermediate goods used in manufacturing cellular mobile phones will qualify for concessional import duty, even if not directly imported by handset manufacturers.
The Hon’ble Supreme Court in the case of State of Karnataka v. M/s. Micromax Informatics Ltd. [Special Leave Petition (Civil)…
The incremental GST of 6% on mobile phones has raked in Rs 42,897 crore over the last three financial years,…
After an estimated dip of 5 per cent in 2022, smartphone shipments in India is forecast to grow 10 per…
The electronics industry wants the government to rationalise and remove the smaller “nuisance” 2.75% tariffs on parts, components of mobile…
