ED arrests Punjab minister Sanjeev Arora in Rs 100 crore money laundering caseThe Enforcement Directorate (ED) on Saturday arrested Punjab minister Sanjeev Arora in connection with an ongoing Rs 100 crore money launde...
09 May, 2026, 05.58 PM IST
Election cash doles may trigger short-term consumption boost in apparel, smartphones, liquor: CEOsCash handouts from recent state elections are expected to boost spending on items like apparel, smartphones, and electronics. Consumers, es...
06 May, 2026, 12.29 AM IST
China's TCL in talks with local companies to sell 51% in Indian plantChinese electronics giant TCL is looking to sell a majority stake in its Indian display plant. The company is seeking between ₹5,708 and ₹7...
05 May, 2026, 12.35 AM IST
Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
18 Apr, 2026, 11.41 AM IST
Smartphone PLI surpasses targets, turns out to be right call for IndiaThe fiscal stimulus under the production-linked incentive (PLI) scheme for smartphones is likely to be around Rs 21,000 crore for the FY21-...
29 Mar, 2026, 06.00 AM IST
GST on mobile phones after reforms: Will your next phone get cheaper?India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry...
04 Sep, 2025, 12.39 PM IST
Mobile phone companies push for tax relief to drive up salesThe Indian mobile phone industry is urging Prime Minister Modi to reduce the GST on handsets to 5%, highlighting that the increased 18% lev...
29 Aug, 2025, 12.31 AM IST
Mobile phone makers call for 5% GST slab for handsetsThe mobile phone industry wants a lower GST rate. Currently, it is at 18%. The industry requests the government to reduce it to 5%. They sa...
21 Aug, 2025, 06.02 PM IST
Mobile GST hike gives government more than PLI outlay: Industry ExecutivesIn fact, the five-year smartphone PLI scheme will leave a revenue surplus of ₹11,000 crore if only the Centre's GST (goods and services tax...
10 Jun, 2023, 08.32 AM IST
Indian handset industry demands GST reduction on mobile phones, componentsIndia’s handset industry has demanded that the GST rate on mobile phones should be reduced from 18% currently to 12% and the GST rate on pa...
16 Nov, 2021, 02.13 PM IST
Handset makers can save costs due to GST-customs portal integrationThe data uploaded for bills of entry filed up to August 6, 2020 by SEZ (special economic zone) units “has been done on a trial basis to giv...
10 Sep, 2020, 07.08 PM IST
Handset companies hike prices of mobile phones on high GST“The rupee has depreciated significantly against the US dollar. Since we maintain less than 5% profit margin for all our hardware products,...
02 Apr, 2020, 08.52 AM IST
GST rates for mobile phones, matchsticks, MRO services notifiedMobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versu...
30 Mar, 2020, 02.49 PM IST
Mobile phones to cost more as GST hiked to 18% from 12% earlierThe decision to hike the rate on mobile phones was taken in the 39th GST Council meeting chaired by the FM.
14 Mar, 2020, 10.59 PM IST
Bengal FM against GST hike for mobilesIn the letter, Mitra said that the proposal should not be considered in the GST Council meeting on Saturday. "May I urge you not to make an...
14 Mar, 2020, 10.19 AM IST
GST on cellphones, footwear, textiles to be rationalised on March 14The GST Council is set to discuss operational glitches on the GST Network portal and seek a resolution plan from Infosys, which has won the...
13 Mar, 2020, 11.42 AM IST
- Hurdle for Make-in-India? Handset companies hold up Rs 1k-crore investments
The government’s move to levy 12% GST on mobile phones will push up prices of locally made phones by 4-5%, bringing them at par with import...
30 May, 2017, 10.17 AM IST