(C) Reuters. India hikes taxes on mobile phones, parts
NEW DELHI (Reuters) – India’s Goods and Services Tax Council has increased the tax on mobile phones and parts, Finance Minister Nirmala Sitharaman said on Saturday, a move that could lead to higher prices.
Sitharaman, who heads the council, composed of representatives from all Indian states, said taxes on mobile phones and parts would rise to 18% from 12%.
Sitharaman also said the council had decided to reduce GST rate on Maintenance, Repair and Overhaul (MRO) services for aircraft from 18% to 5%.
India hikes taxes on mobile phones, parts
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