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GST set to make phones expensive: Here is how much iPhone 8 or next Xiaomi phone will cost in india from july India is the fastest growing major mobile phone market in the world, relying on both domestic manufacturing (and assembling) as well as substantial imports, to meet demand. Come July 1, the mobile phone industry here is set to witness a tectonic shift, in the name of the Goods and Services Tax (GST). Under the new tax regime, all mobile phones going forward will attract a 12 per cent GST, making (most of) them costlier by at least 4-5 per cent, in the days to come. Experts are hailing GST as one of India's greatest indirect tax reforms ever, but, at the same time, they are wary about some of the changes that the one tax to rule them all regime could bring to the nation. At least, in the short term. The Government, of course, wants them to look at the broader picture. The long-term benefits of GST -- much like the demonetisation drive -- are immense, the Finance...