ICEA Urges the States Not to Entertain Any Hike in GST Rates

India Cellular and Electronics Association (ICEA) has foreseen that the government might increase the rates of GST on mobiles and electronic items. ICEA is basically a regulatory body for mobile and electronic industries. The organization has urged all the states not to entertain any proposal of GST rate increase (presently 12%) on such items.

Adamant to its goals, ICEA has also sent a representation to Union Finance Minister seeking not to raise the GST rates on mobile phones Check out the GST rate on mobile phones, chargers and its accessories along with HSN code in India. The mobile phone HSN code is 8517 along with 12% GST rate. ICEA chairman Pankaj Mahindroo said that they have written cordial notices to all the states chief ministers for not accepting the proposal of GST increase to 18% from current 12% as drafted by the GST council.

ICEA claimed that the enhanced GST rates on mobile phones could cause an adverse impact on the diffusion of mobile phones equally bothering the multiple services offerings and core programs under the Digital India Platform. The main Council is expected to have discussions on contracting the number of tax slabs. Currently, the GST rate structure Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% has four slabs 5,12,18 and 28 percent and the government is debating on bringing it to 8, 18 and 28 percent. The alterations in the tax slabs might increase the revenues in the national treasury.

ICEA gave the current statistics depicting the increasing demand in the mobile sector from Rs. 57,000 in 2013-14 to Rs. 180,000 in 2018-19. The sector has outstandingly performed by showing the growth of 315%. The association said that the imposition of increased GST rates As per the recent update, The central government is planning to do changes in the slabs of Goods and Service Taxes (GSTs) soon. As per the rumors by the council will prove to curb the progress of this budding sector.