Wondering what will cost more after the Good and Services Tax (GST) has come into practice? Consumer durables like TV, AC’s will cost more, while manufacturers have assured that the GST regime won’t increase the smartphone prices.
According to media reports, key smartphone vendors like Samsung, Xiaomi, Oppo, Gionee, Intex and Lava will not increase smartphones’ pricing.
As the GST rate on smartphones has been fixed at 12 per cent, expect an increase of 4-5 per cent in the pricing of the new smartphone models.
Ahead of the upcoming festive season and post GST, Apple has slashed the prices of iPhones, iPads and Apple Watch models for its Indian consumers.
The 32GB iPhone 7 variant now costs Rs 56,200 as compared to the earlier price of Rs 60,000.
While, the 128GB variant of iPhone 7 can be purchased for Rs 65,200 (earlier priced at Rs 70,000), the Rs 80,000 256GB variant now retails at Rs 74,400.
iPhone SE which is now being assembled in Bengaluru has also undergone a price cut and now comes at Rs 26,000. iPhone 6s is now available at Rs 46,900 as compared to the previous price of Rs 50,000.
Apart from iPhones, Apple has also reduced the prices of iPads, Macs and Apple Watch.
Nokia 6, Nokia 5 prices will not be affected by the GST roll out.
As GST will bring standardisation in tax, consumers can also see difference in prices in the online and brick-and-mortar stores.
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaces multiple cascading taxes levied by the central and state governments.