If you are planning to get a new smartphone for you or anybody else then this is the right time to buy one because there is bad news for all of us.
The Indian government is going to increase the GST rate on smartphones from 12 percent to 18 percent
which causes a heavy increase in the prices of smartphones in India.
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The reason behind this is direct import which makes the smartphone more expensive from next month.
The GST council of India issued a notice to implement the new GST rates from April 1st.
An increase in GST rates and weak Indian rupee will automatically boost the prices of new smartphones in India.
The CEO Xiaomi India Mr. Many Kumar Jain also tweet this information by requesting prime minister
and finance minister of India to reconsider the GST rates on smartphones because the industry already struggling with the low currency value and due to Covid – 19.
So if you are planning to buy one this is the right time to go for it and also inform your friends and family members about this.