The government said on Monday the goods and services tax (GST), scheduled to be rolled out from July 1, was set to benefit consumers, as the tax incidence on smartphones, medical devices and cement would come down.
The GST Council, comprising state finance ministers and headed by the Union finance minister, last week finalised the tax on most of the items and services.
A smartphone currently attracts two per cent central excise duty, besides the value-added tax (VAT), which vary from state to state (five per cent to 15 per cent).
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