spot_imgspot_imgspot_img

GST increase led to rise in Apple, Oppo and Xiaomi prices

spot_imgspot_imgspot_img

Today the GST Council of India have increased the taxation rates on mobile phones from 12% to 18% which led to rise in price of Apple, Oppo and Xiaomi smartphones prices. The revised GST rates have caused to increase the price of these brands which ranges between 500INR to 2000INR.

Xiaomi India wing Managing director and vice president informed its customers about the increased price via tweet. Jain said “GST rates on mobile phones have increased by 50% from 12% to 18% effective 1st April 2020. The Indian rupee have also wakened in this outbreak which also forced all these companies to increase their prices.

The increased price of Xiaomi devices was spotted on e-commerce website Flipkart. The price of Redmi K20 and K20 Pro have been increased. Jain also said that the company is already working at a narrow profit margin of 5%.

Poco X2 price have also shoot up. The 6GB+128GB variant price have increased up to 1000INR. The device was earlier priced at 16,999INR which after revised GST rates is priced at 17,999INR. Also Poco X2 8GB+256GB variant will now cost at 20,999INR in India.

Revised GST taxation rates have also led to increase in the price of Apple devices by 5%. Price of Apple iPhone 7, iPhone 11 and iPhone 11 Pro have increased. Also, the most popular Apple device of last year is now priced at 68,300INR which earlier used to be 64,900INR.

SourceGsmArena
GST increase led to rise in Apple, Oppo and Xiaomi prices
Saif Zaidi
An MBA guy who likes to explore new things, part time blogger and loves to learn new skillset. Book lover and is a habitual reader.

More from author

Best Washing Machine Under 20000 in India (June 2021)

20000 is an ideal number which we are willing to spend from our pocket while buying a washing machine. After the budget, then comes...

Best Smartwatches Under 15000 in India 2021 (March)

Smartwatches under 15000 are a competitive segment where you get a variety of similar choices to choose from. Take your precious time to dive...

Best Headphones Under 5000 in India (2021 Updated)

Our Top 5 Pick’s (Comparison Table) Best Headphones Under 5000 Quick RundownSony MDR-XB450APSennheiser HD 205 IIOneOdio Pro-50Audio Technica ATH-WS55XAKG Pro Audio K92 Wired headphones have their own...

5 Best Gaming Mouse Under 2000 in India (June 2021)

Tired of all the fancy gaming peripherals that are too expensive to fit in your budget. Gaming mouse can get real expensive real fast,...

Best True Wireless Earbuds Under 5000 in India 2021 (March)

True wireless earbuds use to be a privilege but now its a commodity thanks to giants like oppo and Xiaomi who work day and...

Bestseller