Handset Prices Can Soar 7-8% In GST Regime, Claims Coolpad
While the GST rates are yet to be announced, handset makers are concerned that the regime may result in concessions currently offered by different states coming to an end. Mobile phones could become dearer by 7-8 per cent after the GST comes into effect, Chinese handset maker Coolpad said on Wednesday. “Depending on the rate of GST, prices could go up 7-8 per cent,” PTI report published in HT quoted Coolpad India CEO Syed Tajuddin as saying. However, Tajuddin said GST will result in a “big jump” in online sales of mobile...