Cut GST on smartphones below Rs 25,000 to 5%: GT Bharat-PWIF report

New Delhi, GST on smartphones priced below Rs 25,000 should be cut to 5 per cent, while 18 per cent rate could be retained on higher-priced devices, according to GT Bharat-PWIF paper released on Wednesday.

A whitepaper jointly prepared by Grant Thornton Bharat and Policy Watch India Foundation has called for a re-examination of the Goods and Services Tax (GST) framework for affordable smartphones, arguing that the current uniform 18 per cent GST no longer reflects the evolving role of smartphones in India’s digital economy.