GST on Smartphones Under ₹25,000 May Be Cut to 5%: Budget Phones Could Get Cheaper in India - Techgenyz

Buying a budget smartphone in India could become significantly more affordable if a new tax proposal is accepted by the government. A recently released whitepaper by Grant Thornton Bharat (GT Bharat) and the policy watch India Foundation (PWIF) has recommended reducing the Goods and services Tax (GST) on smartphones priced below ₹25,000 from the current 18% to 5%. The report also proposes keeping…