Apple products, such as iPhone, iPad and Apple Watch, are extremely popular around the world. There is no shortage of demand for them in India as well. But recently there have been reports that buying an Apple Watch may soon become expensive. The Indian government is considering increasing the GST (Goods and Services Tax) rate, which may increase the prices of Apple's smartwatch.
Government meeting and discussion on GST
A group of ministers meeting was held under the chairmanship of Bihar's Deputy Chief Minister Samrat Chaudhary, in which a consensus was reached on increasing the GST rate. In this meeting, it was decided that the GST rate of some goods and services can be increased. Especially, there is a proposal to increase the GST rate on premium smartwatches costing more than Rs 25,000.
Possible increase in GST rates
According to sources, the Group of Ministers has suggested that the GST rate on smartwatches priced above Rs 25,000 can be increased from 18% to 28%. If this happens, the prices of Apple Watch may also increase, which may cost consumers more money.
Impact on Apple Watch Series 10
If the GST rate becomes 28%, then buying Apple Watch Series 10 will become expensive. The price of this watch starts at Rs 46,900. It has the support of the new S10 chipset, which will improve its performance. Apart from this, Apple has reduced the size of this watch by 30%, which makes it more attractive.
This watch has many special features, such as inbuilt speaker, water resistance up to 50 meters, and the facility of charging up to 80% in 30 minutes. If GST increases, then consumers may have to spend more money to avail these features.
The rising price of Apple Watch Ultra 2
The increase in GST rate will also affect Apple Watch Ultra 2. The price of this smartwatch is Rs 89,900. Apple has launched Ultra Watch 2 in Black Titanium colorway this year, which also features Hermes band. This feature was previously available only in the Apple Watch series smartwatch.
What should consumers do?
If you are thinking of buying an Apple Watch, then this is the right time. After the news of GST hike, there is every possibility of a price hike. Therefore, if you like Apple Watch, consider buying it as soon as possible. This will not only allow you to take advantage of the new features, but will also save you from possible price hikes in the future. With the possibility of rising prices of Apple Watch, it is clear that consumers may have to spend more money in the coming time. Therefore, if you are planning to buy an Apple Watch, hurry up, as the government is likely to increase the GST rate. Take care of your pocket and shop wisely.
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