Important Announcement regarding recent hike of #GST Rates for Mobile Phones!!!

Hey Smartphone Fans, As we know that Our Country India is the biggest smartphone users. Over 50 crore Indians are now using smartphones, and the Indian mobile handset market, second largest in the world, is expected to grow in single-digits in 2020.

Earlier last month the GOOD AND SERVICE TAX (#GST) Council announced a hike in the rate of tax on mobile phones. During the 39th GST Council meeting, The Council said that the GST rates on mobile phones have increased by 50% from 12% to 18% Effective 1st April 2020.

Xiaomi India MD #Manu Kumar Jain took to Twitter to announce that price of the company’s phones in India has been increased. While the new price are not yet reflected on Mi.com but as per my consideration with the #GST rate increasing form 12% to 18%, Xiaomi phones are now expensive by up to Rs 2,000 in India and the new price will reflect on the company’s website, e-stores like Amazon and Flipkart, retail stores soon. These phones include the Redmi Note 8 Pro, Redmi K30 series, and Redmi Note 9 Pro and much more. The company released a statement saying the price hike will be effective from April 1 and Xiaomi has already made it clear that they will be passing the hike to buyers by increasing the price of the all their smartphone.

The Xiaomi Company also Stated that with #Xiaomi Policy of maintaining <5% margin on our hardware products, we will be increasing the prices of our products. the main reason behind the higher price of smartphones are indian Rupee has depreciated significantly against the U.S Dollar, we have no option other than to increase prices.

Xiaomi’s Statement regarding price hike

The Many events are canceled Due to the COVID-19 crisis in the country and the smartphone companies have stopped selling phones. companies have announced that their offline retail stores as well as online e-stores, will be shut until the indian government lifts lockdown on April 14.

Xiaomi Donating Fund

As we know problem is going on in all countries due to coronavirus or COVID-19 and at such time very few people come forward to help. Xiaomi india MD #Manu Kumar Jain, it will donate ₹10 crore to PM’s relief funds and CM’s relief funds across various states. and Xiaomi pledged ₹15 crore donation to fight the COVID-19 in India.

Manu Kumar Jain also said that his company will continue to donate face masks and protective suits to hospitals across various states. Xiaomi announced that it is raising ₹1 crore to donate hygiene kits to 20,000 families who don’t have access to soaps, sanitizers and masks. The Company are requesting to all employees and partners to come forward and donate directly PM’s and CM’s relief funds by donating a portions of their salary. Xiaomi are also partnering with several other NGO’s to support daily wage workers and migrants and stray animals.

Statement regarding Fund

I’m also requesting all my followers and users who are reading this blog, please support their country, please stay at home and stay safe.!!

Read about CoronaVirus or COVID-19…..

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