The government has made huge changes in the rates of GST. Due to this, the price ranging from household use to electronics items is going to be a huge decrease. The new rates will be applicable from September 22 and people will be able to take advantage of the low prices while shopping for Diwali. This decision has reduced the prices of smart TV, AC and dishwasher etc. There is also a question in the minds of many people that now the smartphones of other companies including Apple and Samsung will be cheap? Let’s know the answer to this question.
Will smartphone prices decrease?
People looking for smartphones being cheap will be some timely disappointment. The latest decision of the government has not affected the prices of mobile phones. Earlier, 18 percent GST used to be on the smartphone and it will still continue. Due to this, the prices of smartphones will not be reduced at the moment. However, it was already being speculated that customers are not going to get any relief on smartphone prices.
Why didn’t the smartphones become cheap?
According to media reports, sources associated with the industry already expected that the price of the smartphone would not be reduced. He says that if there was any discussion about 12 percent slab, there would have been a little hope, but now the bottom slab is 5 percent from 18 percent. In such a situation, it was difficult to bring the smartphone into this slab. However, the India Cellular and Electronics Association had demanded the government to keep the smartphone in a 5 percent slab. He said that the phones have now become a need and Digital India has an important tool. Before the arrival of GST, most of the states used to keep mobile phones in the category of essential goods. Let us know that at the beginning of GST, there was a 12 percent tax on the smartphone, which was increased to 18 percent in 2020.
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Big relief before Diwali, Smart TV and AC will be cheap, government changes GST rates