As many of you already know that the Finance Minister, Nirmala Sitharaman announced that the smartphones will fall under(From April 1) the 18% GST slab which was earlier 12%. The smartphone sales are already on hold due to the 21 days lockdown period as a protective step against the COVID-19 pandemic. The decision of increasing the GST rates on smartphones was criticized by companies and users alike and the companies also requested the Finance Ministry to rethink their decision. But all the requests were rejected and the prices hiked for Smartphones and its components.
Content Table
Why Smartphone Prices Hiked in India?
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Until now, the smartphone manufacturers have been paying 18% GST to buy parts. However, they were not supposed to charge more than 12% GST from the consumers. Now, with the revised rates companies can charge 18% on the finished goods resulting in the leveling of the tax being paid by the consumer and the manufacturer.
Hiked Smartphone Prices
The smartphone prices hiked in India and the new rates are already in effect. Here is the list of some smartphones and their new price.
New iPhone Prices
New Realme Smartphone Prices
New Oppo Smartphone Prices
New Vivo Smartphone Prices
New Samsung Smartphone Prices
These are the updated pricing list of various smartphones. A Smartphone is a really essential commodity in modern lives so even with the price increase, it’s only the loss of consumers as they will have to pay more for a necessary commodity like smartphones.
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