The Indian Government seems to be a little aggressive about the new tax schemes. Recently the Goods and Services Tax council of India decided to increase the tax rate by 6% over the existing 12% tax rate. The new tax rate of 18% will apply to anything related to the smartphone industry that also includes the components or parts of the smartphones.
The GST council of India is raising the taxation rate on mobile phones to meet the existing rate on raw material and components used in the manufacturing of the smartphone. India has already slapped on an 18% GST rate on raw materials used for manufacturing smartphones. The current tax rate on the final product was, however, 12%. This was leading to an inverted pyramid of the tax system. In a move to rationalize taxes, the council has increased taxes on mobile phones to match the 18% GST on components. Inevitably, this will lead to an increase in the cost and financial burden on the end consumer.
Manu Kumar, Xiamoi India MD has requested the Indian Government to reconsider this new tax update. According to his latest tweet, he has suggested that the industry is already struggling with depreciating INR and supply chain disruption due to covid-19. He further said that govt should at least consider exempting low-budget smartphones that used to cost under $200. The covid-19 had hugely impact the smartphone and many industries to in fact.
This new tax will further enforce more damage to one of the fastest-growing industries in India. In a memo to the GST council, the Indian Cellular and Electronics Association has raised the issue, but it remains to be seen whether any exemptions will be made to keep prices low, especially in the popular sub-Rs. 15,000 segment.
YouMobile® Team is working hard on bringing you the best services to keep you updated, our unique exclusive Updates Tracking Systems are very successful that lets you know what / when you will get your next Android update will arrive.
After the huge success of the Samsung Updates Tracking Page and HTC Updates Tracking Page, we are launching Sony Updates Tracking Page and Nexus Updates Tracking Page. We will keep the track of Android updates of Xperia smartphones / tablets along with Google's Nexus smartphones / tablets too. We are also looking on adding more manufactures (LG, Huawei, Motorola... etc).
We also have improved our Android App with all many new features, Material Design and auto-sync notification and it's currently passed the 50K - 100K downloads on the Play store. Our main Goal is providing you with the best services possible.
You can know more About us Here, Thank you for your trust.
YouMobile® team will be present at Techne Summit 2015 event at Alexandria,Egypt displaying our website update tracking services and the technology we are using, We also gonna announce our future plans on improving our website and services and what we have currently in-development. Make sure to visit our booth if you are in Egypt!
What is Techne Summit ?
Techne Summit is a two-day (24th - 25th) international technology event that will act as a platform including the main global players in the technology industry, namely: the top international industry professionals as technology businesses, entrepreneurs and startups, investors, featuring the Top Technology Speakers in the world, users and media representatives.
The event will present networking opportunities and open up possibilities for various business collaboration between parties, particularly those that pertain to grow in the Middle East and Africa region.
Techne Summit is an annual event that will kick off in October 2015 at the iconic Bibliotheca Alexandrina in the Mediterranean city of Alexandria in Egypt.
If you are like me, a long time Verizon Wireless customer, you will hate to see this, Verizon Wireless has announced that they will be increasing their loyal customers' grandfathered unlimited data plans $20 per month.
Verizon has already exerted some force on this band of unlimited data resistance fighters. It stopped offering unlimited data plans in 2011, so it wouldn't renew two-year contracts. These people continued on Verizon on a month-to-month basis, and they also had to pay full price for new phones.
When asked about this increased, here's the response:
"How do you put a cost on reliability?" Company Rep said. "If you charge a little more, but you're providing an excellent service, customers don't mind that. They know you get what you pay for."
We continuously evaluate the price of our plans and service, so we're increasing the price of unlimited data plans by $20 per line per month for customers no longer under contract with Verizon Wireless. At the same time, we're also offering customers currently on our unlimited data plan the added benefit of purchasing a new phone using our monthly device payment plan, instead of paying full price up-front for the device. This option is available to all unlimited data plan users once their current contract period ends.
These changes will allow Verizon to continue to maintain the highest standards of network performance for all our customers. And it's worth noting that Verizon does not manage the data connection speeds (often called throttling) for its customers - including those who have kept or plan to keep their unlimited data plans.
Most of our customers (99%) are not on unlimited data plans, and for those who are, many could save money by switching to a Verizon Plan, based on their data usage. For the small number of customers still on unlimited data plans, they will see the increase in their first monthly bill after November 15.
Verizon will not increase the price on any lines with an unlimited data plan that is currently in a two-year contract until the customer completes that contract or enters into a new contract. This increase does not affect government or corporate accounts that have unlimited data.
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