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@ EconomicTimes

Will GST hike to 18% on phones lead an additional burden?

GST hike proposal by handset makers and mobile retailers on mobile phones is a "counter-intuitive and insensitive" move that will put an extra Rs 15,000 crore burden on the common man, result in immediate job losses and Potential investment in production will seriously dampen. At the GST Council meeting chaired by finance minister Nirmala Sitharaman, the decision to increase GST on mobile phones to 18% from 12% was taken. However, handset makers said the reasoning for correcting the inverted duty structure by increasing GST is misguided.

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