Samsung Increases Smartphone Prices in India Following GST Hike

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Samsung Increases Smartphone Prices in India Following GST Hike
Following within the footsteps of Xiaomi and Apple, South Korean client electronics firm, Samsung, has raised the costs of its smartphones in India to counter the GST price hike introduced by the Indian authorities. According to reviews, the worth hike can be relevant to the corporate’s Galaxy S-series and M-series smartphones from at this time.

As a part of the plan, costs of the flagship Galaxy S20 collection have been elevated by as much as Rs 5,000. While the usual S20 is now listed on the official Samsung India webstore for Rs. 70,500 as an alternative of the launch worth of Rs. 66,999, costs of the S20+ and S20 Ultra now begin at Rs. 77,900 and Rs. 97,900, respectively. Prices of its recently-launched Galaxy M21 and Galaxy M31 have additionally been elevated, albeit, by smaller margins.

Meanwhile, Realme has additionally elevated its costs, though earlier reviews recommended that the corporate deliberate to soak up the brand new GST value and never enhance the costs of its present smartphones.

The worth hikes have been just about anticipated after the GST Council, headed by Finance Minister, Nirmala Sitharaman, elevated taxes on smartphones from 12 % to 18 % in a transfer that the India Cellular and Electronics Association (ICEA) slammed for doubtlessly hurting the smartphone sector within the nation, particularly at a time when the coronavirus pandemic is already proving to be an enormous financial burden for each customers and companies.

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