GST Council increased the taxation rate on mobile phones in india
They hiked 50%, Yes, that’s too much but you should not worry about this because it’s from 12% to 18%
Mobile phones will attract an 18% goods and services tax (GST) rate from April 1, 2020
Xiaomi will hike the price of Mi, Redmi, and Poco phones
MANU JAIN TWEETED
Mi fans, #GST on mobile phones has increased by 50% from 12% to 18%. After much deliberation & in keeping with #Xiaomi policy of maintaining <5% margin on our hardware products,we will be increasing prices of our products. New prices will be effective immediately. Thank you!
Nipun Marya, director of brand strategy at Vivo India, said: “We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks.”