Report Wire - GST price: IT Ministry to satisfy cell phone makers, search Budget inputs

Report Wire

News at Another Perspective

GST price: IT Ministry to satisfy cell phone makers, search Budget inputs

1 min read
Goods and Services Tax, Goods and Services Tax GST, GST news, mobile phones, mobile phone makers, Budget, IT Ministry, IT Ministry news, business news, indian express

The Ministry of Electronics and Information Technology is prone to meet cell phone and allied part makers once more this week to debate attainable steps on rationalisation of levies similar to Goods and Services Tax (GST). The assembly will probably be held earlier than the scheduled assembly of GST Group of Ministers (GoM) assembly on November 27, sources stated.
“There are some concerns we are aware of. We had some meetings in the past and we understand what we need to do. We will have a couple of more meetings to figure out how to best rationalise these levies,” a senior ministry official stated. In its conferences with the business associations, the Ministry can be prone to ask them to organize a report on their calls for from the Budget, sources stated.
In conferences over the previous couple of weeks, cell phone and allied part makers have of their submissions instructed the IT Ministry that the levy of 18 per cent GST on cellphones had “led to very high costs”, and ought to be introduced all the way down to 12 per cent. They have additionally submitted that GST on allied part be decreased to five per cent.