GST rates increased for mobile phones

The Goods and Services Tax Council chaired by the Union Finance Minister announced that it has decided to increase GST rates on mobile phones to 18 per cent from 12 per cent with effect from 1st of April.

The Council also waived the late fee for delayed filing of annual returns for the financial years 2018 and 2019 by entities with a turnover of less than Rs 2 crore. It also decided to reduce GST on maintenance, repair and overhaul services for aircraft to 5 per cent from 12 per cent. GST on handmade and machine-made matchsticks has been updated to 12 per cent.