Smartphones Getting Cheaper in July ?
Read to Know How You Can Save Your Money

[{"selector":"#anim-ca67f358-5eeb-4e2e-82e6-b8ff5040bf94","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4cdd8b85-0814-4cf5-8338-687712941f7e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Smartphones Getting Cheaper in July ? Read to Know How You Can Save Your Money

[{"selector":"#anim-3b3f5ce2-829c-4e17-a01b-9d890419728c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5a562e43-2d1c-4772-ae95-9b638074f37d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] On social media, information has a way of morphing into something that is misleading.

[{"selector":"#anim-52de47dd-8f92-46ef-bba1-c2784556c36a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-30a0c24a-e52f-4ad5-a32a-3a60bfcc838f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Recently, the Ministry of Finance tweeted an image containing a table that shows the tax that electronic goods, including smartphones, attract in India.

[{"selector":"#anim-9bb5cef0-45f0-48b9-a577-1d13cc6f3c20","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-181d7609-61d9-4c91-b715-1d2014c75a49","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In all the cases cited in the table, it is shown that the tax is reduced.

[{"selector":"#anim-a41b0c29-f2af-4904-99de-b132a49a7851","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cc8b3471-aa18-466d-a9e5-3856f8560c59","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The claim is that the government has reduced the GST on gadgets from July 1 and that soon phones, TVs, refrigerators etc will become. The claim is totally wrong.

[{"selector":"#anim-95de59ef-f5e2-4f61-978b-9488028ac5ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-df0bcb95-5dc5-4c59-a3b8-8aeda88d3441","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] At the time of the implementation of ST, the government set a 12 per cent tax on mobile phones.

[{"selector":"#anim-a369e627-dc31-4031-9e41-5b50e64af06b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-84f08ee4-25f6-46c8-8830-5eb6e0e903fd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] From April 1, 2020, the Government of India increased GST on smartphones to 18 per cent. But, it never went 31.3%.

[{"selector":"#anim-c9e35f27-1925-4f56-b5f4-b736389a7f87","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b3246eba-c57e-4822-869b-e2818909c15a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] During Budget 2023 ,government reduced GST on mobile phones it came down to 12 per cent.

[{"selector":"#anim-1a8e3e54-d6e7-4dd8-a565-1778ec139ab9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3f46bd45-e333-48ea-8b97-3d91bc7113eb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] New GST rate has still not come into effect which means that the price of the smartphone hasn't changed.

[{"selector":"#anim-0d029300-5e43-47fe-9e96-8e3cc6943806","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4e9a9a24-c58f-4292-8482-f6c32ee66f64","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The phone prices will not reduce anytime soon.

[{"selector":"#anim-685739ea-7f1f-4eef-a7bc-c51c7aa2fc41","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d49d15ba-f893-446c-bb8f-0addff1774b9","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Here is the final list of breakdown of GST in India .