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SMARTPHONE TAX REDUCTION
Cut GST on smartphones below Rs 25,000 to 5%: GT Bharat-PWIF reportA new whitepaper suggests a significant GST reduction on smartphones under Rs 25,000 to 5%, while retaining 18% for pricier models. This mo...- 18 days. That's all it takes for a Samsung strike to crash the global AI chip market, and the whole world is holding its breathSamsung strike to crash the global AI chip market: The Samsung strike threatens global AI chip supply chains as 45,000 workers plan an 18-d...
- Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
- Consumption slowdown in Q4 to spoil full year's sales showConsumer electronics and smartphone sales in India experienced a significant slowdown in the March quarter. This trend impacted the overall...
- Festive boom, GST relief help Samsung clock record sales of high-end smartphones, large-screen TVs in IndiaSamsung India reported record sales growth during the Navratri-Dussehra period, driven by a surge in premium smartphone and television dema...
- Festive season sees surge in premium product sales despite unchanged GST ratesThis festive season, premium products—smartphones, refrigerators, laptops, washing machines, and EVs—are seeing strong demand despite uncha...
- Amazon India’s Great Indian Festival sale to start from September 23Amazon India will launch its Great Indian Festival sale on September 23. The sale starts after new GST rates take effect. Prime members get...
- Mobile phone companies push for tax relief to drive up salesThe Indian mobile phone industry is urging Prime Minister Modi to reduce the GST on handsets to 5%, highlighting that the increased 18% lev...
- Apple iPhones, Google Pixels to get cheaper, thanks to Sitharaman's budgetBudget: The government has announced a reduction in the basic customs duty on mobile phones and key parts from 20 percent to 15 percent. Th...
- IT dept searches premises of Lenovo on evasion chargesOfficials also conducted a tax survey at the facilities of one of the vendors of Lenovo, official sources said. These searches were made in...
- ICEA wants 'nuisance' tariffs on mobile phone parts to go, GST to be cut to 12%In a letter to the government, the India Cellular and Electronics Association, representing major electronics manufacturing companies, has ...
- Xiaomi, MAIT want MEIS export sops backThe Manufacturers’ Association of Information Technology (MAIT), apex body of electronic product makers, has urged the government to restor...
- Festive cheer: Ecommerce share in phone, TV sales on a highFor smartphones, online sales have touched record 55-60% of total category sales last month, overtaking the halfway mark for the first time...
- India’s biggest corporate tax cuts: Consumer companies may add to cart before cutting pricesCredit Suisse expects most consumer companies to retain gains.
- Mobile production to reach $190 bn by 2025 with corporate tax cut, policy movesSmartphone market leader Xiaomi said corporate tax cut will enhance job generation capability in the industry.
- MeitY, DPIIT urge lower GST on ACs, high-end TVsThis is the first time that the ministry and DPIIT have pushed for a reduction in GST on these products.
- 'Not possible to extend concessions to Apple under GST regime'Cupertino-based iPhone and iPad manufacturer Apple has sought certain concessions for setting up manufacturing unit in India.
- TV, AC to cost more; smartphones to be cheaper under GSTThe GST Council had earlier this month put over 1,200 goods and 500 services in four tax slabs of 5, 12, 18, 28 per cent.
- LG to launch cheaper 4G smartphones in IndiaLG plans to launch “affordable” long-term evolution (LTE) smartphones this year, which support fourth-generation LTE technology.
- Apple finally announces India plans for iPhone 5S & 5C; to launch on November 1Apple has decided to launch the new iPhones on 1 November, just two days shy of Diwali this year.
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