GST Effect: Goods and Service Taxes impact on people; iPhone, iPad, Mac, Apple Watch Prices in India reduced
Author yuvamind
NEW DELHI: The new tax system,
Goods and Service Tax (GST) which represents
"one nation, one tax, one market", launched at an event in Central Hall of Parliament that will be effect from June 30, Saturday midnight.
The goods and services fall under five tax categories under GST – 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. The GST will improve the ease of doing business for corporates.
The overall tax burden on goods will provide biggest advantage to the consumers.
After announcement of GST, Apple has announced a reduction in the maximum retail prices of iPhone, iPad, Apple Watch, and Mac line of computers across the board, with a few exceptions.
Price cuts for iPad models range from Rs. 900 to Rs. 3,900, with the newly announced iPad Pro modelsalso receiving a reduction, even before anyone ' s had a chance to buy them in the country.
MacBook Air prices remain unchanged, but the 12-inch MacBook and MacBook Pro models have received price drops between Rs. 5,100 and Rs. 11,800. Mac Pro, which is due to get a big revamp next year, gets a price cut as well, as do some iMac models.
Once again, newly refreshed Mac models have also received price cuts even before their availability in the market.
Top-end 27-inch iMac models and Mac Mini are the only ones who ' ve been at the receiving end of a slight price bump.