![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
They said that the move will seriously harm the industry, which is already suffering due to supply chain issues arising from Coronavirus situation and rupee depreciation. They added that that the industry will not achieve the domestic consumption target of $80 billion or Rs 6 lakh crores by 2025 due to the rate hike.
Manu Kumar Jain, Global Vice President and Managing Director of Xiaomi India, in a statement to ET, said that the rate hike will seriously harm the entire industry. \"As a result of the GST rate increase, all smartphone<\/a> makers will be forced to increase prices, which can weaken the demand and mobile industry's Make in India program.\"
\"This could also have long lasting impact on internet penetration and digital India program as majority of Indians access internet on smartphones. India's smartphone industry is already struggling with profitability due to depreciating rupee, and the Indian smartphone industry is facing supply chain disruption due to the current COVID-19 situation,\" Jain added.
\"We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks,\" said Nipun Marya, Director, Brand Strategy, vivo India.
Jain urged the government to bring back the rate to 12% for smartphones under Rs 15,000, similar to differential GST structure for TVs smaller than 32 inch. \"We once again request the government to reconsider this to avoid crumbling of the industry.\"
“This was time for statesmanship especially when the country is going through a crisis and as a nation, we have fallen short ,” ICEA<\/a> said in a statement.
ICEA added that the increase of GST by 6% will be extremely detrimental to the vision of \nDigital India and the consumption will be stymied and our domestic consumption target of $80 billion (Rs 6 lakh crores) by 2025 will not be achieved. “We will fall short by atleast 2 lakh crores,” ICEA said.
The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman<\/a>. The move was made to correct the inverted duty structure.
\"Mobile phones and specified parts to attract 18% versus 12%. All other items, if there's a need to calibrate the rates, to remove the inversion, we can take them up at future, examination of that can happen at a later time,\" Sitharaman said on Saturday.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Read also<\/h4><\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
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<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2020-03-14" data-index="article_1">
- Telecom乐动扑克News
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销售税加息手机:小米、工商东亚CAIT, AIMRA说此举将严重损害行业
法院的决定是在第39销售税理事会会议由财政部长吧Sitharaman。此举是为了正确倒责任结构。
新德里:手机制造商小米敦促印度政府没有实施商品及服务税(GST)委员会星期六推荐手机和指定的部分增加销售税税率从18%降至12%。
他们说,此举将严重损害,已遭受由于供应链问题引起的冠状病毒情况和卢比贬值。他们补充说,该行业将不会达到800亿美元的国内消费目标或Rs 6十万的卢比在2025年由于加息。
马努Kumar Jain,全球副总裁兼董事总经理小米,印度等,在一份声明中表示,加息将严重损害整个行业。“由于消费税率增加,智能手机制造商将被迫提高价格,从而削弱了需求和移动行业的在印度项目。”
“这可能也有持久影响互联网普及率和数字印度计划多数印度人访问互联网智能手机。印度的智能手机行业已经在盈利能力由于卢比贬值,和印度智能手机行业正面临着供应链中断由于COVID-19现状,”Jain说。
“我们仍在评估新的税收结构的影响,并将决定在未来几周内,“他玛丽亚说,导演,品牌战略,体内印度。
Jain敦促政府恢复率为12%,智能手机在15000卢比,类似于微分销售税结构小于32英寸的电视。“我们再一次请求政府重新考虑这个避免摇摇欲坠的行业。”
“这是时间政治家特别是中国正在经历一场危机,作为一个国家,我们有短暂的下降,“工商东亚在一份声明中说。
ICEA补充说,增加销售税6%将是极其不利于数字印度的愿景和消费将会阻碍我们的国内消费目标800亿美元(Rs 6十万的卢比)到2025年将无法实现。“我们将低于至少2十万的卢比,“ICEA说。
法院的决定是在第39销售税理事会会议由财政部长主持吧Sitharaman。此举是为了正确倒责任结构。
“手机和指定部分吸引18%和12%。所有其他的项目,如果有需要调整利率,消除反演,在未来,我们可以带他们检查可能发生在稍后的时间,“Sitharaman周六说。
在3月12日致信Sitharaman, ICEA表示,上调GST手机消费者的利益,贸易、行业或国家。31 - 32卢比它补充道,印度人在乡下买手机会受到影响。
“鸿'ble总理设想印度成为世界。1手机制造业目的地。它可能很难实现这一愿景,除非手机消费税税率保留在当前12%的水平,”ICEA Pankaj Mohindroo主席在信中说。
所有其他行业协会如CAIT AIMRA,印度工商联合会,Assocham,和工商东亚将联手与财政部长提出这个问题,据知情人士说。
“我们将努力达到财政部长。我们之前已经接近他们和销售税委员会。这个行业正在经历一个非常艰难的时间和20000 - 30000年商店已经关闭。这个行业已经是痛苦和这销售税上涨将进一步增加压力,“arvind Khurana认为,国家所有印度移动零售商协会的主席(AIMRA),告诉等。
联盟的强烈的印度商人也拒绝提高税率的手机,说决定是毫无根据的,可悲的,会破坏手机贸易,已经面临来自在线平台的生存斗争。
”,而不是提供救济,移动部门征收与不必要的徒步旅行。CAIT要求财政部长回滚的决定并立即通知悬而未决,“CAIT秘书长Praveen口
说。
各种状态包括西孟加拉邦警告反对提高税率以国家的经济形势疲软和冠状病毒暴发的影响。消息人士说,北方邦的支持导致消费税升息。
像朋友这样的球员,Vivo和熔岩在北方邦生产设施。
分析师,另一方面,说,最新举措将阻碍经济增长在短期内的任何希望。这个行业已经盯着艰难时期由于持续Coronovuirus情况及其对供应链的影响。
TechArc费萨尔Kawoosa,创始人和分析师表示,最新举措可能会鼓励囤积在渠道以及黑色的营销,一些流氓元素将溢价出售。
他补充说,对于智能手机,消费税税率将获取政府税收约777卢比,这将平均售价或Rs 15277 ASP。“这意味着政府得到12000卢比的加息假设我们卖一年16卢比的智能手机。这是来自智能手机。所以当宣布36000卢比包一侧,还需要从行业本身大约12000卢比,”Kawoosa补充道。
“这是违反直觉的,非常不利于数字印度的愿景。这是一个教科书般的例子失踪森林的树木。这将阻碍经济增长在短期内的任何希望,反正看起来挑战现在由于冠状病毒情况在供给和需求目的,“Navkendar辛格研究室主任,IDC印度。
“时刻,政府应该放宽市场,增加销售税毫无…还好,这一次,当每年的员工在家工作,智能手机成为必不可少的媒介继续生产并交付他们的专业职责,“Kawoosa补充道。
<\/span><\/figcaption><\/figure> NEW DELHI: Handset makers like Xiaomi<\/a> urged the Indian government to not implement the Goods and Services Tax (GST) Council's Saturday recommendation to increase GST rate on mobile phones and specified parts to 18% from 12% previously.
They said that the move will seriously harm the industry, which is already suffering due to supply chain issues arising from Coronavirus situation and rupee depreciation. They added that that the industry will not achieve the domestic consumption target of $80 billion or Rs 6 lakh crores by 2025 due to the rate hike.
Manu Kumar Jain, Global Vice President and Managing Director of Xiaomi India, in a statement to ET, said that the rate hike will seriously harm the entire industry. \"As a result of the GST rate increase, all smartphone<\/a> makers will be forced to increase prices, which can weaken the demand and mobile industry's Make in India program.\"
\"This could also have long lasting impact on internet penetration and digital India program as majority of Indians access internet on smartphones. India's smartphone industry is already struggling with profitability due to depreciating rupee, and the Indian smartphone industry is facing supply chain disruption due to the current COVID-19 situation,\" Jain added.
\"We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks,\" said Nipun Marya, Director, Brand Strategy, vivo India.
Jain urged the government to bring back the rate to 12% for smartphones under Rs 15,000, similar to differential GST structure for TVs smaller than 32 inch. \"We once again request the government to reconsider this to avoid crumbling of the industry.\"
“This was time for statesmanship especially when the country is going through a crisis and as a nation, we have fallen short ,” ICEA<\/a> said in a statement.
ICEA added that the increase of GST by 6% will be extremely detrimental to the vision of \nDigital India and the consumption will be stymied and our domestic consumption target of $80 billion (Rs 6 lakh crores) by 2025 will not be achieved. “We will fall short by atleast 2 lakh crores,” ICEA said.
The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman<\/a>. The move was made to correct the inverted duty structure.
\"Mobile phones and specified parts to attract 18% versus 12%. All other items, if there's a need to calibrate the rates, to remove the inversion, we can take them up at future, examination of that can happen at a later time,\" Sitharaman said on Saturday.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRead also<\/h4><\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
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<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-news_link="//www.iser-br.com/news/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand/74628610">
<\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2020-03-14" data-index="article_1">
- Telecom乐动扑克News
- 5分钟读
销售税加息手机:小米、工商东亚CAIT, AIMRA说此举将严重损害行业
法院的决定是在第39销售税理事会会议由财政部长吧Sitharaman。此举是为了正确倒责任结构。
新德里:手机制造商小米敦促印度政府没有实施商品及服务税(GST)委员会星期六推荐手机和指定的部分增加销售税税率从18%降至12%。
他们说,此举将严重损害,已遭受由于供应链问题引起的冠状病毒情况和卢比贬值。他们补充说,该行业将不会达到800亿美元的国内消费目标或Rs 6十万的卢比在2025年由于加息。
马努Kumar Jain,全球副总裁兼董事总经理小米,印度等,在一份声明中表示,加息将严重损害整个行业。“由于消费税率增加,智能手机制造商将被迫提高价格,从而削弱了需求和移动行业的在印度项目。”
“这可能也有持久影响互联网普及率和数字印度计划多数印度人访问互联网智能手机。印度的智能手机行业已经在盈利能力由于卢比贬值,和印度智能手机行业正面临着供应链中断由于COVID-19现状,”Jain说。
“我们仍在评估新的税收结构的影响,并将决定在未来几周内,“他玛丽亚说,导演,品牌战略,体内印度。
Jain敦促政府恢复率为12%,智能手机在15000卢比,类似于微分销售税结构小于32英寸的电视。“我们再一次请求政府重新考虑这个避免摇摇欲坠的行业。”
“这是时间政治家特别是中国正在经历一场危机,作为一个国家,我们有短暂的下降,“工商东亚在一份声明中说。
ICEA补充说,增加销售税6%将是极其不利于数字印度的愿景和消费将会阻碍我们的国内消费目标800亿美元(Rs 6十万的卢比)到2025年将无法实现。“我们将低于至少2十万的卢比,“ICEA说。
法院的决定是在第39销售税理事会会议由财政部长主持吧Sitharaman。此举是为了正确倒责任结构。
“手机和指定部分吸引18%和12%。所有其他的项目,如果有需要调整利率,消除反演,在未来,我们可以带他们检查可能发生在稍后的时间,“Sitharaman周六说。
在3月12日致信Sitharaman, ICEA表示,上调GST手机消费者的利益,贸易、行业或国家。31 - 32卢比它补充道,印度人在乡下买手机会受到影响。
“鸿'ble总理设想印度成为世界。1手机制造业目的地。它可能很难实现这一愿景,除非手机消费税税率保留在当前12%的水平,”ICEA Pankaj Mohindroo主席在信中说。
所有其他行业协会如CAIT AIMRA,印度工商联合会,Assocham,和工商东亚将联手与财政部长提出这个问题,据知情人士说。
“我们将努力达到财政部长。我们之前已经接近他们和销售税委员会。这个行业正在经历一个非常艰难的时间和20000 - 30000年商店已经关闭。这个行业已经是痛苦和这销售税上涨将进一步增加压力,“arvind Khurana认为,国家所有印度移动零售商协会的主席(AIMRA),告诉等。
联盟的强烈的印度商人也拒绝提高税率的手机,说决定是毫无根据的,可悲的,会破坏手机贸易,已经面临来自在线平台的生存斗争。
”,而不是提供救济,移动部门征收与不必要的徒步旅行。CAIT要求财政部长回滚的决定并立即通知悬而未决,“CAIT秘书长Praveen口
说。
各种状态包括西孟加拉邦警告反对提高税率以国家的经济形势疲软和冠状病毒暴发的影响。消息人士说,北方邦的支持导致消费税升息。
像朋友这样的球员,Vivo和熔岩在北方邦生产设施。
分析师,另一方面,说,最新举措将阻碍经济增长在短期内的任何希望。这个行业已经盯着艰难时期由于持续Coronovuirus情况及其对供应链的影响。
TechArc费萨尔Kawoosa,创始人和分析师表示,最新举措可能会鼓励囤积在渠道以及黑色的营销,一些流氓元素将溢价出售。
他补充说,对于智能手机,消费税税率将获取政府税收约777卢比,这将平均售价或Rs 15277 ASP。“这意味着政府得到12000卢比的加息假设我们卖一年16卢比的智能手机。这是来自智能手机。所以当宣布36000卢比包一侧,还需要从行业本身大约12000卢比,”Kawoosa补充道。
“这是违反直觉的,非常不利于数字印度的愿景。这是一个教科书般的例子失踪森林的树木。这将阻碍经济增长在短期内的任何希望,反正看起来挑战现在由于冠状病毒情况在供给和需求目的,“Navkendar辛格研究室主任,IDC印度。
“时刻,政府应该放宽市场,增加销售税毫无…还好,这一次,当每年的员工在家工作,智能手机成为必不可少的媒介继续生产并交付他们的专业职责,“Kawoosa补充道。
<\/span><\/figcaption><\/figure> NEW DELHI: Handset makers like Xiaomi<\/a> urged the Indian government to not implement the Goods and Services Tax (GST) Council's Saturday recommendation to increase GST rate on mobile phones and specified parts to 18% from 12% previously.
They said that the move will seriously harm the industry, which is already suffering due to supply chain issues arising from Coronavirus situation and rupee depreciation. They added that that the industry will not achieve the domestic consumption target of $80 billion or Rs 6 lakh crores by 2025 due to the rate hike.
Manu Kumar Jain, Global Vice President and Managing Director of Xiaomi India, in a statement to ET, said that the rate hike will seriously harm the entire industry. \"As a result of the GST rate increase, all smartphone<\/a> makers will be forced to increase prices, which can weaken the demand and mobile industry's Make in India program.\"
\"This could also have long lasting impact on internet penetration and digital India program as majority of Indians access internet on smartphones. India's smartphone industry is already struggling with profitability due to depreciating rupee, and the Indian smartphone industry is facing supply chain disruption due to the current COVID-19 situation,\" Jain added.
\"We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks,\" said Nipun Marya, Director, Brand Strategy, vivo India.
Jain urged the government to bring back the rate to 12% for smartphones under Rs 15,000, similar to differential GST structure for TVs smaller than 32 inch. \"We once again request the government to reconsider this to avoid crumbling of the industry.\"
“This was time for statesmanship especially when the country is going through a crisis and as a nation, we have fallen short ,” ICEA<\/a> said in a statement.
ICEA added that the increase of GST by 6% will be extremely detrimental to the vision of \nDigital India and the consumption will be stymied and our domestic consumption target of $80 billion (Rs 6 lakh crores) by 2025 will not be achieved. “We will fall short by atleast 2 lakh crores,” ICEA said.
The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman<\/a>. The move was made to correct the inverted duty structure.
\"Mobile phones and specified parts to attract 18% versus 12%. All other items, if there's a need to calibrate the rates, to remove the inversion, we can take them up at future, examination of that can happen at a later time,\" Sitharaman said on Saturday.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRead also<\/h4><\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-news_link="//www.iser-br.com/news/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand/74628610">
<\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-authors="[" danish khan"]" data-category-name="" data-category_id="" data-date="2020-03-14" data-index="article_1">
- Telecom乐动扑克News
- 5分钟读
销售税加息手机:小米、工商东亚CAIT, AIMRA说此举将严重损害行业
法院的决定是在第39销售税理事会会议由财政部长吧Sitharaman。此举是为了正确倒责任结构。
新德里:手机制造商小米敦促印度政府没有实施商品及服务税(GST)委员会星期六推荐手机和指定的部分增加销售税税率从18%降至12%。
他们说,此举将严重损害,已遭受由于供应链问题引起的冠状病毒情况和卢比贬值。他们补充说,该行业将不会达到800亿美元的国内消费目标或Rs 6十万的卢比在2025年由于加息。
马努Kumar Jain,全球副总裁兼董事总经理小米,印度等,在一份声明中表示,加息将严重损害整个行业。“由于消费税率增加,智能手机制造商将被迫提高价格,从而削弱了需求和移动行业的在印度项目。”
“这可能也有持久影响互联网普及率和数字印度计划多数印度人访问互联网智能手机。印度的智能手机行业已经在盈利能力由于卢比贬值,和印度智能手机行业正面临着供应链中断由于COVID-19现状,”Jain说。
“我们仍在评估新的税收结构的影响,并将决定在未来几周内,“他玛丽亚说,导演,品牌战略,体内印度。
Jain敦促政府恢复率为12%,智能手机在15000卢比,类似于微分销售税结构小于32英寸的电视。“我们再一次请求政府重新考虑这个避免摇摇欲坠的行业。”
“这是时间政治家特别是中国正在经历一场危机,作为一个国家,我们有短暂的下降,“工商东亚在一份声明中说。
ICEA补充说,增加销售税6%将是极其不利于数字印度的愿景和消费将会阻碍我们的国内消费目标800亿美元(Rs 6十万的卢比)到2025年将无法实现。“我们将低于至少2十万的卢比,“ICEA说。
法院的决定是在第39销售税理事会会议由财政部长主持吧Sitharaman。此举是为了正确倒责任结构。
“手机和指定部分吸引18%和12%。所有其他的项目,如果有需要调整利率,消除反演,在未来,我们可以带他们检查可能发生在稍后的时间,“Sitharaman周六说。
在3月12日致信Sitharaman, ICEA表示,上调GST手机消费者的利益,贸易、行业或国家。31 - 32卢比它补充道,印度人在乡下买手机会受到影响。
“鸿'ble总理设想印度成为世界。1手机制造业目的地。它可能很难实现这一愿景,除非手机消费税税率保留在当前12%的水平,”ICEA Pankaj Mohindroo主席在信中说。
所有其他行业协会如CAIT AIMRA,印度工商联合会,Assocham,和工商东亚将联手与财政部长提出这个问题,据知情人士说。
“我们将努力达到财政部长。我们之前已经接近他们和销售税委员会。这个行业正在经历一个非常艰难的时间和20000 - 30000年商店已经关闭。这个行业已经是痛苦和这销售税上涨将进一步增加压力,“arvind Khurana认为,国家所有印度移动零售商协会的主席(AIMRA),告诉等。
联盟的强烈的印度商人也拒绝提高税率的手机,说决定是毫无根据的,可悲的,会破坏手机贸易,已经面临来自在线平台的生存斗争。
”,而不是提供救济,移动部门征收与不必要的徒步旅行。CAIT要求财政部长回滚的决定并立即通知悬而未决,“CAIT秘书长Praveen口
说。
各种状态包括西孟加拉邦警告反对提高税率以国家的经济形势疲软和冠状病毒暴发的影响。消息人士说,北方邦的支持导致消费税升息。
像朋友这样的球员,Vivo和熔岩在北方邦生产设施。
分析师,另一方面,说,最新举措将阻碍经济增长在短期内的任何希望。这个行业已经盯着艰难时期由于持续Coronovuirus情况及其对供应链的影响。
TechArc费萨尔Kawoosa,创始人和分析师表示,最新举措可能会鼓励囤积在渠道以及黑色的营销,一些流氓元素将溢价出售。
他补充说,对于智能手机,消费税税率将获取政府税收约777卢比,这将平均售价或Rs 15277 ASP。“这意味着政府得到12000卢比的加息假设我们卖一年16卢比的智能手机。这是来自智能手机。所以当宣布36000卢比包一侧,还需要从行业本身大约12000卢比,”Kawoosa补充道。
“这是违反直觉的,非常不利于数字印度的愿景。这是一个教科书般的例子失踪森林的树木。这将阻碍经济增长在短期内的任何希望,反正看起来挑战现在由于冠状病毒情况在供给和需求目的,“Navkendar辛格研究室主任,IDC印度。
“时刻,政府应该放宽市场,增加销售税毫无…还好,这一次,当每年的员工在家工作,智能手机成为必不可少的媒介继续生产并交付他们的专业职责,“Kawoosa补充道。
<\/span><\/figcaption><\/figure> NEW DELHI: Handset makers like Xiaomi<\/a> urged the Indian government to not implement the Goods and Services Tax (GST) Council's Saturday recommendation to increase GST rate on mobile phones and specified parts to 18% from 12% previously.
They said that the move will seriously harm the industry, which is already suffering due to supply chain issues arising from Coronavirus situation and rupee depreciation. They added that that the industry will not achieve the domestic consumption target of $80 billion or Rs 6 lakh crores by 2025 due to the rate hike.
Manu Kumar Jain, Global Vice President and Managing Director of Xiaomi India, in a statement to ET, said that the rate hike will seriously harm the entire industry. \"As a result of the GST rate increase, all smartphone<\/a> makers will be forced to increase prices, which can weaken the demand and mobile industry's Make in India program.\"
\"This could also have long lasting impact on internet penetration and digital India program as majority of Indians access internet on smartphones. India's smartphone industry is already struggling with profitability due to depreciating rupee, and the Indian smartphone industry is facing supply chain disruption due to the current COVID-19 situation,\" Jain added.
\"We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks,\" said Nipun Marya, Director, Brand Strategy, vivo India.
Jain urged the government to bring back the rate to 12% for smartphones under Rs 15,000, similar to differential GST structure for TVs smaller than 32 inch. \"We once again request the government to reconsider this to avoid crumbling of the industry.\"
“This was time for statesmanship especially when the country is going through a crisis and as a nation, we have fallen short ,” ICEA<\/a> said in a statement.
ICEA added that the increase of GST by 6% will be extremely detrimental to the vision of \nDigital India and the consumption will be stymied and our domestic consumption target of $80 billion (Rs 6 lakh crores) by 2025 will not be achieved. “We will fall short by atleast 2 lakh crores,” ICEA said.
The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman<\/a>. The move was made to correct the inverted duty structure.
\"Mobile phones and specified parts to attract 18% versus 12%. All other items, if there's a need to calibrate the rates, to remove the inversion, we can take them up at future, examination of that can happen at a later time,\" Sitharaman said on Saturday.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRead also<\/h4><\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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销售税加息手机:小米、工商东亚CAIT, AIMRA说此举将严重损害行业
法院的决定是在第39销售税理事会会议由财政部长吧Sitharaman。此举是为了正确倒责任结构。
读到
他们说,此举将严重损害,已遭受由于供应链问题引起的冠状病毒情况和卢比贬值。他们补充说,该行业将不会达到800亿美元的国内消费目标或Rs 6十万的卢比在2025年由于加息。
马努Kumar Jain,全球副总裁兼董事总经理小米,印度等,在一份声明中表示,加息将严重损害整个行业。“由于消费税率增加,智能手机制造商将被迫提高价格,从而削弱了需求和移动行业的在印度项目。”
“这可能也有持久影响互联网普及率和数字印度计划多数印度人访问互联网智能手机。印度的智能手机行业已经在盈利能力由于卢比贬值,和印度智能手机行业正面临着供应链中断由于COVID-19现状,”Jain说。
“我们仍在评估新的税收结构的影响,并将决定在未来几周内,“他玛丽亚说,导演,品牌战略,体内印度。
Jain敦促政府恢复率为12%,智能手机在15000卢比,类似于微分销售税结构小于32英寸的电视。“我们再一次请求政府重新考虑这个避免摇摇欲坠的行业。”
“这是时间政治家特别是中国正在经历一场危机,作为一个国家,我们有短暂的下降,“工商东亚在一份声明中说。
ICEA补充说,增加销售税6%将是极其不利于数字印度的愿景和消费将会阻碍我们的国内消费目标800亿美元(Rs 6十万的卢比)到2025年将无法实现。“我们将低于至少2十万的卢比,“ICEA说。
法院的决定是在第39销售税理事会会议由财政部长主持吧Sitharaman。此举是为了正确倒责任结构。
“手机和指定部分吸引18%和12%。所有其他的项目,如果有需要调整利率,消除反演,在未来,我们可以带他们检查可能发生在稍后的时间,“Sitharaman周六说。
在3月12日致信Sitharaman, ICEA表示,上调GST手机消费者的利益,贸易、行业或国家。31 - 32卢比它补充道,印度人在乡下买手机会受到影响。
“鸿'ble总理设想印度成为世界。1手机制造业目的地。它可能很难实现这一愿景,除非手机消费税税率保留在当前12%的水平,”ICEA Pankaj Mohindroo主席在信中说。
所有其他行业协会如CAIT AIMRA,印度工商联合会,Assocham,和工商东亚将联手与财政部长提出这个问题,据知情人士说。
“我们将努力达到财政部长。我们之前已经接近他们和销售税委员会。这个行业正在经历一个非常艰难的时间和20000 - 30000年商店已经关闭。这个行业已经是痛苦和这销售税上涨将进一步增加压力,“arvind Khurana认为,国家所有印度移动零售商协会的主席(AIMRA),告诉等。
联盟的强烈的印度商人也拒绝提高税率的手机,说决定是毫无根据的,可悲的,会破坏手机贸易,已经面临来自在线平台的生存斗争。
”,而不是提供救济,移动部门征收与不必要的徒步旅行。CAIT要求财政部长回滚的决定并立即通知悬而未决,“CAIT秘书长Praveen口
说。
各种状态包括西孟加拉邦警告反对提高税率以国家的经济形势疲软和冠状病毒暴发的影响。消息人士说,北方邦的支持导致消费税升息。
像朋友这样的球员,Vivo和熔岩在北方邦生产设施。
分析师,另一方面,说,最新举措将阻碍经济增长在短期内的任何希望。这个行业已经盯着艰难时期由于持续Coronovuirus情况及其对供应链的影响。
TechArc费萨尔Kawoosa,创始人和分析师表示,最新举措可能会鼓励囤积在渠道以及黑色的营销,一些流氓元素将溢价出售。
他补充说,对于智能手机,消费税税率将获取政府税收约777卢比,这将平均售价或Rs 15277 ASP。“这意味着政府得到12000卢比的加息假设我们卖一年16卢比的智能手机。这是来自智能手机。所以当宣布36000卢比包一侧,还需要从行业本身大约12000卢比,”Kawoosa补充道。
“这是违反直觉的,非常不利于数字印度的愿景。这是一个教科书般的例子失踪森林的树木。这将阻碍经济增长在短期内的任何希望,反正看起来挑战现在由于冠状病毒情况在供给和需求目的,“Navkendar辛格研究室主任,IDC印度。
“时刻,政府应该放宽市场,增加销售税毫无…还好,这一次,当每年的员工在家工作,智能手机成为必不可少的媒介继续生产并交付他们的专业职责,“Kawoosa补充道。
They said that the move will seriously harm the industry, which is already suffering due to supply chain issues arising from Coronavirus situation and rupee depreciation. They added that that the industry will not achieve the domestic consumption target of $80 billion or Rs 6 lakh crores by 2025 due to the rate hike.
Manu Kumar Jain, Global Vice President and Managing Director of Xiaomi India, in a statement to ET, said that the rate hike will seriously harm the entire industry. \"As a result of the GST rate increase, all smartphone<\/a> makers will be forced to increase prices, which can weaken the demand and mobile industry's Make in India program.\"
\"This could also have long lasting impact on internet penetration and digital India program as majority of Indians access internet on smartphones. India's smartphone industry is already struggling with profitability due to depreciating rupee, and the Indian smartphone industry is facing supply chain disruption due to the current COVID-19 situation,\" Jain added.
\"We are still evaluating the impact of the new tax structure and will be taking a decision in the next few weeks,\" said Nipun Marya, Director, Brand Strategy, vivo India.
Jain urged the government to bring back the rate to 12% for smartphones under Rs 15,000, similar to differential GST structure for TVs smaller than 32 inch. \"We once again request the government to reconsider this to avoid crumbling of the industry.\"
“This was time for statesmanship especially when the country is going through a crisis and as a nation, we have fallen short ,” ICEA<\/a> said in a statement.
ICEA added that the increase of GST by 6% will be extremely detrimental to the vision of \nDigital India and the consumption will be stymied and our domestic consumption target of $80 billion (Rs 6 lakh crores) by 2025 will not be achieved. “We will fall short by atleast 2 lakh crores,” ICEA said.
The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman<\/a>. The move was made to correct the inverted duty structure.
\"Mobile phones and specified parts to attract 18% versus 12%. All other items, if there's a need to calibrate the rates, to remove the inversion, we can take them up at future, examination of that can happen at a later time,\" Sitharaman said on Saturday.
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Read also<\/h4><\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-news_link="//www.iser-br.com/news/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand/74628610">
<\/a><\/figure>Handset brands' high volume strategy bringing smartphone prices down in India: Qualcomm<\/a><\/h5><\/div><\/a><\/figure>Smartphone sales tank in China as coronavirus dampens demand: govt data<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
In its March 12 letter to Sitharaman, ICEA had said the hike GST on mobile phones is not in the interest of the consumers, trade, industry or the nation. It added that 31-32 crore Indians who buy phones in the country will be impacted by the move.
\"The Hon'ble Prime Minister has envisioned India to become the world's no.1 manufacturing destination for the mobile phones. And it may be difficult to achieve this vision unless the GST rate on handsets is retained at the current level of 12 per cent,\" ICEA Chairman Pankaj Mohindroo said in the letter.
All other industry associations like CAIT, AIMRA, FICCI, Assocham, and ICEA will now join forces to raise the issue with the Finance Minister, people familiar with the matter said.
\"We will try to reach out to the Finance Minister. We had approached them and GST council previously. The industry is going through a very tough time and 20,000-30,000 stores have already been shut. The industry is already suffering and this GST hike will further add to the stress,\" Arvinder Khurana, national president of the All India Mobile Retailers Association (AIMRA), told ET.
Confederation of All India Traders strongly also rejected the hike in tax rate of mobiles and said that decision was highly unwarranted, deplorable and will destabilise mobile trade, which is already facing survival battle from online platforms.
\"Instead of providing relief, the mobile sector is levied with unnecessary hike. CAIT demand Finance Minister to roll back the decision and immediately keep the notification in abeyance,\" CAIT Secretary General Praveen Khandelwal
said.
Various states including West Bengal had cautioned against increasing the tax rate citing the weak economic situation of the country and the impact of the Coronavirus outbreak. Sources said that the Uttar Pradesh's support resulted in the GST rate hike.
Players like Oppo, Vivo and Lava have manufacturing facilities in Uttar Pradesh.
Analysts, on the other hand, said that the latest move will stunt any hope of growth in the near term. The industry is already staring at challenging times due to the ongoing Coronovuirus situation and its impact on supply chains.
Faisal Kawoosa, founder and analyst at TechArc said that the latest move could encourage hoarding in channels as well as black marketing, where some rogue elements will sell at a premium.
He added that for smartphones, the GST rate will fetch government a tax of around Rs 777 , which will send up the Average Selling Price or ASP to Rs 15,277. \"This means government getting over Rs 12,000 crore from the rate hike assuming we sell 16 crore smartphones in a year. This is from smartphones only. So while announcing Rs 36,000 crore package on one side, it will take around Rs 12,000 crore from the industry itself,\"Kawoosa added.
“This is counterintuitive and very detrimental to the vision of Digital India. This is a textbook case of missing woods for the trees. This will stunt any hope of growth in the near term, which anyway looks challenging now due to coronavirus situation at both supply and demand ends,” Navkendar Singh, research director, IDC India.
“At a juncture when the government should have been easing the markets, increasing GST makes no good… Also, this time when lakhs of employees are going for work from home, smartphones become one essential medium for them to remain productive and deliver their professional duties,” Kawoosa added.
\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/body>","next_sibling":[{"msid":74628408,"title":"Apple CEO's message on coronavirus for all customers and partners","entity_type":"ARTICLE","link":"\/news\/apple-ceos-message-on-coronavirus-for-all-customers-and-partners\/74628408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72225466","title":"9 foldable smartphones you need to know about","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/9-foldable-smartphones-you-need-to-know-about","category_name":"Slide-Shows","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-100197\/72225466.cms?width=150&height=112","link":"\/slide-shows\/9-foldable-smartphones-you-need-to-know-about\/72225466"}],"msid":74628610,"entity_type":"ARTICLE","title":"GST rate hike on mobiles: Xiaomi, ICEA, CAIT, AIMRA say move will seriously harm the industry","synopsis":"The decision was taken in the 39th GST Council meeting chaired by finance minister Nirmala Sitharaman. The move was made to correct the inverted duty structure.\n\u200b","titleseo":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand","status":"ACTIVE","authors":[{"author_name":"Danish Khan","author_link":"\/author\/479206691\/danish-khan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479206691.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479206691,"author_name":"Danish Khan","author_seo_name":"danish-khan","designation":"Senior Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":154,"shares":0,"engagementtimems":449000,"url":"https:\/\/ettelecom.indiatimes.com\/telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand\/articleshow\/74628610.cms"},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2020-03-14 18:56:02","lastupd":"2020-03-15 13:12:07","breadcrumbTags":["Mobile GST","Xiaomi","Smartphone","Devices","icea","Nirmala Sitharaman","mobile gst rate","GST rate on mobiles"],"secinfo":{"seolocation":"telecomnews\/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand"}}" data-news_link="//www.iser-br.com/news/mobile-phones-to-get-costlier-after-gst-rate-hike-handset-makers-say-move-to-impact-demand/74628610">
<\/a><\/figure>
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