Mobile phone prices may go up by 10% as GST deferment gives no relief

The extension of goods and service tax return filing timelines will hardly provide any relief to mobile phone manufacturers who are staring at a 6% GST rate hike applicable from April 1. “Mobile manufacturers will get relief as far as date is concerned but they will be charged as per hiked GST rate, which will be 18% from April,” said a senior accountant with one of the ‘big four’ accounting firms…