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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) (Diary No. 40320 of 2023) dated December 08, 2023] dismissed the Special Leave Petition filed by the Revenue Department and…
The incremental GST of 6% on mobile phones has raked in Rs 42,897 crore over the last three financial years, topping the nearly Rs 39,000-crore outlay of the production-linked incentive (PLI) scheme for manufacturing of smartphones and making the government…
After an estimated dip of 5 per cent in 2022, smartphone shipments in India is forecast to grow 10 per cent year-on-year (YoY) this year, Counterpoint Research analysts have said. Ahead of the Union Budget 2023-24, smartphone companies are eying…
The electronics industry wants the government to rationalise and remove the smaller “nuisance” 2.75% tariffs on parts, components of mobile phones and sub-assemblies, as well as mechanics and reduce Goods and Services Tax (GST) to 12% from 18%. It also…