Computer Software

Xiaomi, Redmi, Poco Phones Get a Price Hike as Increased GST Rate Comes Into Effect

GST Council experienced lifted the taxation fee on mobile telephones in India from 12 to eighteen % last month. The enhanced GST slab on mobile telephones has occur into outcome right now, which signifies the inquiring cost of telephones will go up as very well. Xiaomi India MD Manu Kumar Jain took to Twitter to announce that cost of the company’s telephones in India has been enhanced with fast outcome. It have to be mentioned that the cost increment is relevant throughout the entire portfolio of Mi, Redmi, and Poco-branded telephones provided by the company in India.

Jain’s tweet mentions that Xiaomi follows a rule of not generating a financial gain of more than 5 % from its hardware items, but the surge in GST fee remaining the company with no other decision but to hike the cost of its telephones in India. We have achieved out to Xiaomi concerning

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