The gst Council meeting has increased the tax on mobile phones. In the meeting last month, the GST rate on mobile phones has been increased from 12% to 18%. The hike in GST rates has come into effect from the 1st of this month. Which means that mobile phones will be costlier than this month. Manu Kumar Jain, MD, Xiaomi India (Xiaomi India) has informed this on Twitter. He said that the prices of all smartphones have been increased. These prices have come into effect from 1st April.
Keep in mind that Xiaomi has hiked prices in all smartphone series. The prices of the company's Mi, Redmi and Poco brands have gone up. Jain said that he is still working on the same rule in which the company holds only 5 per cent profit. The company says the company has no other option due to the hike in the GST rate, so the company has to increase the prices of its smartphones.
All Xiaomi Phones can be Expensive
However, the company has not informed about the price of the smartphone. According to information in Flipkart, the prices of some smartphones have increased. The Poco X 2 smartphone has 6 GB RAM and 128 GB which was earlier available at a price of Rs 16,999, now at a price of Rs 17,999. The price of 6 GB RAM and 64 GB storage variants of the Readme-20 smartphone has increased to Rs 2000. The prices of the Readme K20 Pro smartphone have also increased.
However, the details of the change in the prices of the affordable smartphones of Xiaomi have not yet come to notice. Since the price is not being displayed due to the existing lockdown on most smartphones. Soon the list of increased prices of these smartphones will be released on the website of Xiaomi. Other companies, other than Xiaomi, can also increase the prices of their smartphones.
At the moment, we could not check this new price on Amazon India, as all the products on the platform are currently on the platform except the goods needed. "Unavailable0 Are visible. However, smartphones with new prices will soon be listed on the company's official website. The new GST rates apply to all smartphone brands, so we are also expecting the price of other smartphone company smartphones to rise. However, so far, other brands except Xiaomi have not given any official information about it.