GST on cellphones, fertilizers, man-made fabrics, garments may be hiked to 18%

GST rates on mobile phones, fertilizers, man-made fabrics and garments are likely to be hiked to 18% in the next  GST Council meeting  on March 14. Experts said the rate hike would improve working capital position of the manufactures as it would correct the inverted duty structure but may lead to increase in price of the finished goods. Currently, under the  goods and services tax &…