Gst rate of mobile phone
WebApr 11, 2024 · The price of a mobile phone is ₹32, 000 inclusive of 28% GST on the list price. Vineeta asks for a discount on the list price so that after charging the GST, the final price becomes the list price. Find (i) the amount of discount which Vineeta got from the shopkeeper, (ii) the amount of SGST on the discounted value of the mobile. WebOct 1, 2024 · VAT rates for mobile phones vary from state to state. Under the GST rules, the tax rate for mobile phones is the same across the country. Currently, the price of …
Gst rate of mobile phone
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WebAmazon.in - Buy GST Tariff with GST Rate Reckoner (2 Vols.) – Incorporating HSN & SAC wise Tariff of all the Goods & Services with GST Tariff Notifications & Latest Clarifications, etc. 1st Feb. 2024 book online at best prices in India on Amazon.in. Read GST Tariff with GST Rate Reckoner (2 Vols.) – Incorporating HSN & SAC wise Tariff of all the Goods & … WebFeb 21, 2024 · New IPhone = Rs.1,40,000 (including GST @18%) IPhone cost = Rs. 118644 (After deducting GST @18%) Saved = Rs. 21,356 (by availing ITC) Yes, on a cursory examination of section 16-21 of the CGST Act, we can see that by claiming ITC and utilising it to our output tax liability, we may lower the Cost of a Capital Goods, such as …
WebMar 15, 2024 · As was widely expected, the GST Council on Saturday hiked the GST rate on mobile phones to 18% from 12% currently, which is likely to make phones more expensive. However, the price hike is ... WebGST Invoice Available RAM 4 GB 3 GB 2 GB 1GB and Below 8 GB and Above 6 GB Internal Storage Battery Capacity Screen Size Primary Camera Secondary Camera Processor Brand Speciality Resolution Type Operating System Network Type Sim Type Offers Buy More, Save More No Cost EMI Special Price Features Type Number of …
WebJan 10, 2024 · The GST rate in India for various goods and services is divided under 4 slabs; these are 5% GST, 12% GST, 18% GST, and 28% GST. What is the GST exemption for 2024? Presently, businesses and organizations with a turnover of up to Rs 20,00,000 are exempted from the GST registration. WebNov 15, 2024 · In the 39th GST Council Meeting held on 14th March 2024 at New Delhi, a significant amendment to the GST rate applicable on mobile phones and accessories …
WebMobile phones are likely to get costlier, with the Goods and Services Tax (GST) Council on Saturday deciding to increase the rate on mobile phones and specific parts to 18% from the current 12% ...
WebUnder GST, the rate of tax on mobile phones is the same across India. The GST rate for mobile phones is 12% and the HSN code is 8517. With tax … trends nowWebHS Code. Description. GST%. 842612. Mobile lifting frames on tyres and straddle carriers. 18%. 842619. Overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes and mobile lifting frames (excluding overhead travelling cranes on fixed support, mobile lifting frames on tyres, straddle carriers and portal or pedestal jib cranes ... trendsnowWebJul 1, 2024 · About 175 million handset units valued at Rs 90,000 crore were produced locally in FY17, up from more than 110 million handsets worth Rs 54,000 crore in the previous year, according to the Indian Cellular Association (ICA). As much as 80% of the phones sold in India in the March quarter were locally made, as per Counterpoint … temporary barriers programWebNov 16, 2024 · India’s handset industry has demanded that the GST rate on mobile phones should be reduced from 18% currently to 12% and the GST rate on parts and components should be reduced to 5%, reasoning that the high rate has led to a rise in prices and it is decreasing demand for mobile phones. The Indian Cellular & Electronics … temporary barn structuresWebJun 21, 2024 · At present rate of GST on all mobile phone is 18 per cent (18%). GST Rate on iPhone The Goods and Service Tax rate on iPhones is 18%. All phones whether it is … temporary barriers constructionWebOct 1, 2016 · The following table provides the GST and HST provincial rates since July 1, 2010. The rate you will charge depends on different factors, see: Type of supply – learn about what supplies are taxable or not. Where the supply is made – learn about the place of supply rules. Who the supply is made to – to learn about who may not pay the GST/HST. temporary barrier fenceWebMar 14, 2024 · GST on mobile phones raises from 12% to 18%: Here's what it means Technology News – India TV Smartphones to get more expensive as GST revised from 12% to 18% Goods and Services Tax... temporary barriers hire