The Central Board of Indirect Taxes and Customs (CBIC) has notified the new Goods and Services Tax (GST) rates for mobile phones, matchsticks and maintenance and repair operation services for aircraft.
Mobile phones will attract 18% GST from April 1, 2020 compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versus a range of 5% to 18%.
The notifications issued on March 25-26, 2020. Maintenance and repair operations (MRO) services required for aircraft will be charged 5% GST, lower than the earlier rate of 18%, with full input tax credit, giving a fillip to the local industry and small-scale businesses.
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