GST Council may cut 18% tax on mobile phones as handset demand slows

The Council is also likely to examine whether the benefits of last year’s GST rate rationalization have been passed on to consumers, following complaints of companies restoring prices to pre-reform levels. New Delhi: The Goods and Services Tax (GST) Council may consider a cut in the 18% GST rate on mobile phones as it seeks to revive slowing handset demand and prevent the tax from becoming a drag…