2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GST rate on mobile phones and specific parts has been raised to how much?
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13%
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21%
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18%
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19%
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Explanation:
Detailed explanation-1: -UPDATE: As per 39th GST Council Meeting, the GST rate on mobile phones and the specified parts will be increased from 12% to 18% with effect from 1st April, 2020. Mobile phones and mobile accessories in India have been brought under Goods and Services Tax.
Detailed explanation-2: -GST rates applicable on mobile phones are 18% and the mobile HSN code is 8517.
Detailed explanation-3: -GST Tax Slab of 18% Goods – Mineral water, raw pasta, biscuits, pastries, soup, cornflakes, curry powder and paste, preserved vegetables, food mixes and other supplements and condiments, refined sugar, Cocoa butter, Ice cream, edibles like chocolate as well as chewing gum.
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