Smartphone Price hike from 1st april 2020 increased tax from 12% to 18%

Smartphone Price hike from 1st april 2020 increased tax from 12% to 18%

From April 1, mobile phones will become 6 percent more expensive. In the 39th meeting of the Goods and Services Tax GST Council, it has been decided to increase GST on mobile phones from 12% to 18%. 

Union Finance Minister Nirmala Sitharaman told after the meeting of the council that at present the GST rate on mobile phone and its specified parts is 12%, the council has agreed to increase GST to 18% on both. GST rate has been reduced from 18% to 5% to promote airplane maintenance and overhauling service in the country.

From April 1, with GST for 10000 phones, you will have to pay 11800 instead of 11200 for 20000 phones.From April 1, instead of 16800 for 15000 phones, now you have to pay 17700.

In the last few years, the craze of mobile phones has increased very fast, if a family has 5 members then 4 will definitely have a mobile phone. 

Turning the pages of history and going 8 or 9 years ago, buying a mobile phone was quite a difficult task, but ever since the mobile prices have come down, the mobile phone has come to everyone. 

Given this, now the prices of mobile phones are going to increase again, here you will have to pay 18% GST instead of 12% for mobile phones and these new prices will come into existence from April 1, 2020. This decision has been taken in the meeting of GST Council.

New Rates After 1st April Price Hike On Smartphone-

Phone Price- 10,000

Old Gst- 11,200

New RateWith GSt- 11,800

Phone Price- 15,000

Old Gst- 16,800

New RateWith GSt- 17,700

Phone Price- 20,000

Old Gst- 22,400

New RateWith GSt- 23,600

Phone Price- 60,000

Old Gst- 67,200

New RateWith GSt- 70,800

  

Mobile Price	Old GST Rates	New GST Rates
10,000	11,200	11,800
15,000	16,800	17,700
20,000	22,400	23,600
60,000	67,200	70,800