Union Budget 2023: Before the budget is presented to the general public, the market starts heating up about what will be cheap and what will be expensive in the budget this time. Will it become expensive or cheaper to buy smartphones after the budget comes? Let us tell you.
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Union Budget 2023: On February 1, 2023, Nirmala Sitharaman will present Budget 2023 for the general public and before the coming of the Union Budget, everyone’s eyes are fixed on what is going to be cheaper in the next financial year 2023-2024 and what are the prices of things. are going to increase. If you also want to know that after the implementation of the budget, buying a new phone in the next financial year will be expensive or cheap? So let us tell you what kind of discussions are going on about smartphones.
Smartphones will be expensive or cheap after Budget 2023?
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Every year, before the coming of the budget, the market of discussions starts heating up about the Budget Expectations ie what are the expectations from the budget. This time the general public has a lot of hope from the budget and some people are eager to know that after the coming of the budget the smartphone industry or say smartphones for the general public or say mobile phones should be cheaper to buy. Will it go or will it be expensive? That is, what will be the effect of the budget on smartphones.
For the information of the people, let us tell you that before the budget, handset manufacturers have demanded from the government that the GST rate on Mobile Phones should be reduced in this budget. For the information of the people, let us tell you that now the government charges 18 percent GST on Smartphones, but this time handset manufacturers want the government to reduce the GST rate from 18 percent to 12 percent.
If the government takes this into consideration in this budget 2023-2024 and if the GST rate is cut, then buying a new smartphone can be cheaper in the next financial year 2023-2024. Let us tell you what was the condition after the budget came last year?
Smartphones were affected after the budget in 2022
Remind that last year on February 1, 2022, a lot was cheaper in the budget presented for the financial year 2022-2023. The products that were made cheaper in the budget last year included both Mobile Phones and Smartphone chargers.
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