GST rates for mobile phones, matchsticks, MRO services notified

CS Tanveer Singh Saluja (PCS at Tanveer Saluja & Associates)   (6194 Points)

01 April 2020  

1. The Central Board of Indirect Taxes and Customs (CBIC) notified new goods and services tax (GST) rates for mobile phones, matchsticks and maintenance and repair operation services for aircraft.

2. Mobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versus a range of 5% to 18%.

3. Maintenance and repair operations (MRO) services required for aircraft will be charged 5% GST, lower from the earlier rate of 18%, with full input tax credit, giving a fillip to the local industry and small scale businesses in the sector.

THE FOLLOWING IS A SUMMARISED CHART:

SR. NO.

GOODS/ SERVICES

EARLIER

REVISED

1

Mobile Phones

12%

18%

2

Matchsticks

5-18%

12%

3

Maintenance and repair operations (MRO)

18%

5%