What is the Effect of GST on Mobile Phone Prices?
Should I buy now or wait for GST price?
The mobile phone fall under the 12% tax bracket of the GST tax system. Earlier under the VAT laws the mobile phones market was subject to 13.5% on the VAT system. The tax brackets were also different for different range of mobiles. Under the new uniform system, the tax brackets are also the same.
This means uniform implementation of 12% tax rate on all brands. Also the GST effect on both the imported phones and locally manufactured phones will remain the same. Mobile phones are available on discounts of up to 10% before GST is implemented. GST will not have any impact on the smartphone market prices in general.