Smartphone Industry Seeks GST Cut to 5% for Boosting Demand and Affordability

The smartphone industry is seeking a "GST cut to 5%" to "boost demand and affordability." This demand for a tax rate reduction is aimed at making smartphones more accessible to a wider section of the population, thereby driving sales and digital adoption. The industry argues that a lower GST rate would not only stimulate the market but also help in achieving the government's vision of a digital India. The potential tax cut could lead to a significant increase in smartphone consumption and production, benefiting both consumers and manufacturers.