GST on mobile phones from 12% to 18%

Mobile phones become costly due to GST (Goods and Services Tax) on mobile phones from 12% to 18%.

GST on Mobile

GST (Goods and Services Tax) Council had decided to increase the mobile tax rate by 6% percentage. Mobile phones become costly due to GST (Goods and Services Tax) on mobile phones will be increased to 18% percent from the current GST (Goods and Services Tax) tax is 12% percent. The GST (Goods and Services Tax) rate starts from April 1, 2020, on the mobile phone.

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Xiaomi Mobile

After much deliberation & in keeping with #Xiaomi policy of maintaining <5% margin on our hardware products, we will be increasing prices of our products, said by Manu Kumar Jain – Managing Director of Xiaomi India.

Manu Kumar Jain Tweet on GST

@manukumarjain tweets:

“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!

Dear Mi Fans,

Hope you are all staying safe. We urge you to stay self-quarantined and observe the national lockdown diligently. Let’s unite and come together to safeguard the people of our nation.

We would like to share an update regarding the recent GST revisions announced by the Government of India. GST rates on mobile phones have increased by 50% from 12% to 18% effective 1st April 2020. Moreover Indian Rupee has depreciated significantly against the US Dollar. Since we maintain less than 5% profit margin for all our hardware products, we have no option other than to increase prices.

The new prices will be in effect starting midnight April 1, 2020, and will reflect on mi.com soon.

It is our intent to offer our fans best products, with highest specifications, at honest prices. As we strive to continue this endeavor, we request your kind consideration and support.

Please stay safe!”

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Suchandra Karle

Suchandra Karle is Sr. Software Engineer. Working in Software Company. He is having more than seven years of experience. Other than work he have hobby to write a blog and trading and playing computer games.

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