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GST on mobile phones and accessories increased to 18% from 12%, while Budget 2023 proposed a reduction in import duty on phone materials. The GST rates are applied uniformly across the country, reducing the tax-on-tax effect.
Most of the mobile phones and accessories related to mobile phones fall under HSN Chapter 85. Under HSN Chapter 85, various types of GST rate slabs are applicable. Hence, it’s important to correctly determine the applicable HSN code to ensure that proper invoicing is done.
GST rates on mobile phones and accessories for mobile phones are determined under HSN Chapter 85. HSN Chapter 85 has different GST rate slabs according to which GST rates are applicable on the purchase of mobile phones.
GST Rate on Mobile Accessories with HSN Code. The GST rate on mobile accessories is 18%, categorized under distinct HSN codes. Below is a table detailing the GST rates along with corresponding HSN codes for mobile devices and their accessories.
Mobile phones are categorized under HSN code 8517, and a uniform nationwide rate of 18% applies to mobile phones. Here’s a table summarizing the GST rates on mobiles and related accessories - What are the Types of GST Applicable on Mobile Phones? Here are the types of GST that can be applied to mobile phones based on the nature of the supply.
In this article, we delve into the GST rates for mobile phones and accessories, the import duty’s effect, and whether GST on mobile phones can be claimed as input tax credit. These measures contribute to higher mobile phone prices, affecting consumers and businesses alike.
With the implementation of the Goods and Services Tax (GST) in India, understanding how to claim GST on mobile phone purchases has become crucial for businesses looking to optimize their tax liabilities.