Posts Tagged ‘Reliance Jio’

Reliance Jio Aims to Deliver JioPhones by this Diwali

September 27, 2017

Mukesh Ambani led Reliance Jio is aiming to complete the delivery of six million orders by this Diwali. Reports also state that the feature phones have already been dispatched and will soon reach customers.

JioPhone to be delivered this Diwali

The JioPhone’s Twitter handle (@LYF_IN) confirmed to a customer that the delivery of JioPhones has started in a phased manner and all the pre-booked customers will get their phones by this Diwali. The customers have to pick their JioPhones from the stores and it will be distributed on a first-come-first-serve basis. The phone will be available at Jio Retailers, Reliance Digital stores, and also at multi-brand device retailers.

Goals of Jio

Reliance Jio aims to deliver the 4G feature phone to about 100 to 150 million customers in a period of six months. The first booking phase started on 24th August and closed on 26th August. In the duration of three days, Jio reached six million pre-booked orders. Besides this, there are over ten million customers who are waiting for the next phase of pre-booking. According to sources, the second phase of booking might start in a few weeks. The telecom giant recently got 130 million customers.

All you need to know about the JioPhone

The JioPhone has been the most anticipated feature phone in recent history. As it is a feature phone, it has a small screen with a numeric keypad. The phone is well-built and comfortable to hold. Considering its price, it comes in good quality plastic and rubber.

  • Features of the JioPhone

The phone comes with a 2.4-inch screen with a resolution of 240×320. The JioPhone comes with a loudspeaker at the back, micro USB ports for charging, and a 3.5mm headphone socket. This phone comes with a 2,000mAh removable battery and Nano SIM slot. Though the phone has 4GB of internal storage, it still has a MicroSD card slot that supports cards up to 128GB. The phone is powered by a dual-core processor and comes with a 512MB RAM.

It has a primary camera of two megapixels and a secondary VGA camera. The phone takes photos in 1600×1200 resolution, while the videos have a resolution of 320×240. The secondary VGA camera clicks 640×480 resolution pictures.

The phone runs on KaiOS, a new operating system. The Jio apps including JioMusic, JioCinema, JioTV, and more are pre-installed. Apps such as Facebook and YouTube are not offered yet but are expected to be available soon. There is also a voice assistant feature which handles basic voice commands in both, English and Hindi languages. The JioPhone has important features like Wi-Fi, Bluetooth, and Geo Location as well.

Mukesh Ambani led Jio offers free voice calls and unlimited SMS for life and 500MB of data a day for INR 153 per month. The company ensures that the phone is effectively free as it takes a three-year refundable deposit of INR 1,500.

Summary

Reliance Jio aims to complete the delivery of its feature phone by this Diwali.

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Reliance Jio Offers a Special Festival Discount on JioFi

September 21, 2017

Mukesh Ambani led Reliance Jio announced a festival offer for its users. The company is offering JioFi device at a discounted rate.

JioFi festival offer

With all e-commerce portals like Flipkart and Amazon giving various deals and discounts on electronics and smartphones, even Reliance Jio came up with rolling special festival discounts.

Starting from 20th September, the JioFi device is available at INR 999 until 30th September. The original price of the JioFi device is INR 1,999; but, users are getting it at a 50 percent discount, which makes the price as INR 999. The offer is exclusively available for Jio Prime members and is valid only on JioFi M2S model. It is available on the company’s official website. Users are not allowed to club this offer with any other Reliance Jio offer.

Features of the JioFi device

Reliance JioFi device lets users access 4G VoLTE data even on 2G and 3G smartphones. You may connect your JioFi device with up to 32 devices including tablets, smart TVs, and smartphones. However, it is advisable not to connect it to more than ten devices.

JioFi offers download speed of 150Mbps and an upload speed of 50Mbps. It comes with a 2,300 mAh battery and provides six hours of surf time. When talking about the dimensions of the device, it measures 85x55x16mm, which makes it look sleek and stylish. The portable Wi-Fi device also allows people to make HD video calls, voice calls, and conference calls.

Advantages of JioFi

JioFi is highly functional and convenient. You may carry it along wherever you go. It lets you connect to multiple devices even when you are on the go. The device comes with a rechargeable battery. This makes it convenient for use as you do not have to look for electric outlets and can place it in whichever room you are working at the time.

Other JioFi offers

There is another offer on JioFi’s JMR540 model that may be availed of through the company’s website. Under this offer, users get the JioFi device worth INR 2,499 at a 20 percent discount. The discounted price is INR 1,999.

Along with the device, the user will be able to enjoy unlimited voice and data services worth INR 1,999. For this, the customer will have to visit a Jio store, get a Jio SIM activated, and follow other instructions. The JioFi JMR540 model comes with a battery capacity of 2,600 mAh.

JioFi and the market

According to CyberMedia Research (CMR), JioFi devices had a 91 percent market share of data cards in India during the second quarter of 2017. It is said that home routers market has been affected by Mukesh Ambani’s Reliance Jio MiFi, which is JioFi because nine out of ten devices are JioFi devices. Narinder Kumar, Analyst at Industry Intelligence Practice, CMR said that there is a decline of 60 to 70 percent in sales at major cities as per the initial statistics.

Summary

Reliance Jio is offering a special festival discount of 50 percent on the JioFi device.

Mukesh Ambani Bags “Business Leader of the Year” Award

September 12, 2017

For the second time, Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL) has been chosen as the “Business Leader of the Year” at the Economic Times (ET) Awards for his corporate excellence. He had won the same award back in 2006.

In the first round itself, Ambani received seven votes. His nearest rival had received four votes. The jury unanimously selected Ambani recognizing the disruption he created and the way he revolutionized the telecom and refinery industries in India.

Recent achievements of Mukesh Ambani

Since the past year, Ambani has added a number of achievements to his credit. He took his company and stocks to a new height. He also spearheaded the successful launch of the company’s game-changing ventures, shook the telecom market, stabilized fuel retail, and delivered top-class performance from RIL’s Jamnagar refinery.

Recently in August 2017, the shares of RIL witnessed a surge. Due to this, Ambani was able to add USD 12.5 billion to his wealth. This made him the second richest businessman in Asia, as per the Bloomberg billionaire’s index. His total wealth was accounted as USD 35 billion, which made him the 19th richest person in the world.

Reliance Jio’s success

In the past few years, Ambani has made huge capital investments. These investments are now adding to the company’s cash flows. One such major investment was in the telecom venture, Reliance Jio.

The launch of Reliance Jio in September 2016 played a major role in transforming the shape of the Indian telecom and digital market. The telecom company attracted millions of customers with its offering of free data at the beginning and low data packages now. The company also offers free lifetime voice calling and other services to its users.

In partnership with RIL’s retail arm, Reliance Jio has now announced India’s first-ever 4G VoLTE feature phone. The phone is available at a refundable price of INR 1,500 and is marketed as an “effectively free” product. Analysts predict that this move will help the company to break even before the expected time.

Growth of RIL’s oil and gas business

Mukesh Ambani is renowned for implementing world-class projects in his oil and gas business. In the 1990s, he led the creation of RIL’s Jamnagar refinery, which is the largest in the world. He has expanded the company’s refining capacity since then to reach 1.24 million barrels per day. In the April-June 2017 quarter, the net profit of RIL crossed the INR 9,000 crore-mark. Its refining margin was around two times higher than that of other similar Asian companies.

Out of Ambani’s 40 years as an RIL board member, last year has been the most significant one. The company withstood serious disputes on regulatory matters with the oil ministry and resolved them. This eventually led it to make the recent big announcement of investing USD 6 billion for the production of natural gas from KG-basin’s deep-sea fields. Besides, the company has also revived its network of petrol pumps, which resulted in it recording higher sales than the industry average.

Summary

For the second time, Mukesh Ambani won the title of “Business Leader of the Year” at the Economic Times Awards.

Reliance Jio Creates Several Records

September 8, 2017

In one year of its operation, the Mukesh Ambani-led Reliance Jio created and broke a number of records. These records are not only at the national level but also globally. The company has received 130 million customers in one year.

Impact of Reliance Jio

Reliance Jio began its operations on 5th September 2016, disrupting the Indian telecom market as it did. The telecom company offered unlimited 4G data, voice calls, and other services at no cost for the first three months. It then extended its free service for another three months. Reliance Jio witnessed the fastest growth ever made by any technology company as it garnered 100 million customers within 170 days of its launch.

In the month following Jio’s launch, the subscriber addition touched its peak. In October 2016, the telecom subscriber base in India surpassed the 1.1 billion mark. The month saw the highest customer addition of about 29 million. Reliance Jio alone registered an addition of 19.63 million customers in that month.

An official from the company revealed that in this one year, India’s mobile data consumption has increased from 20 crore gigabytes to more than 150 crore gigabytes per month. Jio customers alone consume 125 crore gigabytes of data every month, the official added.

Post the launch of Reliance Jio, the price of 1GB mobile data reduced to less than INR 10. Earlier, INR 250 was charged by other telecom operators.

According to Chairman Mukesh Ambani, India jumped from 155th rank to the first rank with regards to mobile data consumption. He said that Jio is the first and only exabyte telecom business in the world that has more than 100 crore gigabytes of data being consumed on its network. It already carries five times more data than all the other Indian telecom networks combined, he added.

According to data issued by the Telecom Regulatory Authority of India (TRAI), at the end of June 2017, Jio registered 123.36 million subscribers.

Mukesh Ambani’s appreciation

To mark the occasion of the company’s first anniversary, Mukesh Ambani sent a letter to his employees appreciating their efforts. He said that employees’ have tirelessly worked to establish the infrastructure and technology and that their efforts to keep 130 million users satisfied is commendable. He stated that their efforts have made Jio a customer-obsessed company.

Mukesh Ambani told his team that they have broken a number of records in this one year. He congratulated and thanked each one of them for their commitment towards the mission of making India lead in the digital world. The chairman also told his employees that he is looking forward to creating more records while accomplishing this collective dream.

Mukesh Ambani stated that together they have established an end-to-end all IP 4G network, which is the largest in the world. He emphasized that Jio has busted the myth that India is not prepared for advanced technology. This, for him, is the biggest personal satisfaction. He believes that the way India has adopted the 4G technology is a case study for quantum technology leaps.

Summary

In one year of its service, Reliance Jio created a number of records in India as well as at the global level.

1 Year of Reliance Jio

September 6, 2017

Reliance Jio completed a year post its launch on 5th September 2016. The telecom company is completely based on the 4G VoLTE network. Currently, it has more than 130 million subscribers.

Welcome Offer and Happy New Year Offer

In 2016, Chairman Mukesh Ambani launched Reliance Jio with the Welcome Offer. He announced free data, voice calls, SMS, and roaming services for all its users for four months. From January 2017, the offer got a three-month extension and it was known as the Happy New Year Offer. The Happy New Year Offer was valid until 31st March 2017 and came with a Fair Usage Policy (FUP) limit of 1GB data per day.

Jio Prime

In February 2017, Mukesh Ambani announced the Jio Prime membership at a one-year fee of INR 99. Users were asked to enroll for the same in March. The deadline was later extended to 15th April.

The chairman also announced data tariffs applicable from the start of April. Prime members enjoyed additional benefits at the same price in comparison with non-Prime members.

Summer Surprise Offer and Jio Dhan Dhana Dhan

The Summer Surprise Offer launched in April provided the benefits of Happy New Year Offer for another three months on a recharge of INR 303 or more. However, post a Telecom Regulatory Authority of India (TRAI) order, the company withdrew the offer. It then repackaged it and launched the Jio Dhan Dhana Dhan plan.

The Jio Dhan Dhana Dhan offered 1GB data per day at INR 309 or 2GB data per day at INR 509. These plans had a validity of three months on the first recharge.

Recently, the company has revamped its prepaid and postpaid plans. It has also introduced new plans at INR 349 and INR 399. On an average, Jio is offering 1GB data at INR 50, which is quite an affordable tariff.

Impact of Reliance Jio

Owing to Reliance Jio’s entry, India has made a lot of progress in terms of data usage. Some of the statistics and facts to back this up are as follows:

  • India is the biggest data consumption hub for websites like WhatsApp, Facebook, Google, and YouTube, among others
  • Facebook and Google have added 70 million users after Jio’s launch
  • India consumes over 100 crore gigabytes of data and streams videos up to 165 crore hours, every month
  • The country makes voice calls of around 250 crore minutes every day
  • India’s broadband subscriber base was 282 million on 30th June 2017 as against 154 million on 31st August 2016

Reliance Jio Phones

Mukesh Ambani led Reliance Jio offers a range of smartphones under its brand, LYF. They are categorized into Earth, Flame, Wind, and Water series. The prices of the devices start from INR 2,999 and go up to INR 19,999.

The company has recently announced the first-of-its-kind 4G VoLTE feature phone. The JioPhone allows users to access the Internet and make free voice calls. Priced at INR 1,500, the phone received around six million pre-registrations in a single day. It is expected to reach stores by the end of September.

Summary

Reliance Jio completed one year since its launch, which was on 5th September 2016.

Millions Pre-Book JioPhone as Demand Soars

August 31, 2017

After millions pre-booked the ‘India ka smartphone’ on Thursday, 24th August, Mukesh Ambani led Reliance Jio paused the pre-booking for its new feature phone, JioPhone.

Heavy demand for JioPhone

 The pre-booking for JioPhone began at 5:30 pm on 24th August 2017. Some media reports claim that the telecom operator received around three to four million registrations for the JioPhone.

While this fits with the company’s target of making around 5 million phones available, other reports claim that the total number of bookings have surpassed that number. Jio hasn’t yet confirmed any of the claims.

While the company did not state that the heavy demand was the reason for pause in bookings, the message on the company’s website said that million had booked the phone and customers would be informed when the bookings resumed. No date was given for the same.

How to register interest

 The pre-bookings have been paused. However, interested customers may still register their interest on the Jio website. This will not be treated as a pre-booking but by registering, these customers will be notified as the pre-booking resumes.

Here are the steps for individuals to register their interest for the phone:

  • Go to the Jio website, i.e. jio.com
  • Click on the register now button
  • Select the individual option
  • Enter details such as name, phone number, email ID, and pin code.
  • Click Submit

Here are the steps for businesses to register their interest for the phone:

  • Go to the Jio website, i.e. jio.com
  • Click on the register now button
  • Select the Business option
  • Enter details such as company name, contact number, email ID, PAN or GST number, and pin code
  • Select the number of devices needed
  • Click Submit

If you have booked the JioPhone 

JioPhone is expected to reach the shops by the first week of September. Customers who have already pre-booked the phone online as well as offline are expected to get their phones then. For those who have already booked the phone, a message congratulating them on pre-booking the JioPhone and stating that the payment of INR 500 has been received was sent. The message also mentioned that once the phone is available, the customer will receive the store details.

Here is what happens once the JioPhones hit the stores:

  • For updates on the JioPhone’s delivery status, customers may dial 1800-890-8900 from the phone number registered while pre-booking the phone
  • Once the JioPhones reach their respective stores, the store details will be sent to the customer. These stores are expected to be allotted based on the pin code the customer filled in while booking the phone.
  • The customer will then have to go to the store to collect the JioPhone
  • The customer will have to carry INR 1,000, Aadhar card for identification, as well as the confirmation message or email received after pre-booking the phone

Summary

After an estimated three to four million people pre-booked the JioPhone, the telecom operator has paused the bookings.

All You Need to Know about the New JioPhone

July 26, 2017

Reliance Jio recently launched a new feature phone on 21st July 2017. This phone is expected to cause a huge disruption in the country.

Disrupter in the telecom and feature phone markets

Jio has been known as a disrupter in the telecom market. It started with free offers, discounts, and competitive tariffs that made 4G Internet affordable in the country.

Now, its JioPhone may disrupt the feature phone market as it is expected to bring over 500 million feature phone users to Jio. The phone has effectively priced as free. Reliance Jio Chairman Mukesh Ambani revealed that the buyers of JioPhone will have to pay a deposit of INR 1,500 and this amount will be refundable. The phone is also packed with a number of smartphone-like features.

Features of JioPhone

Here are some of the features of JioPhone:

  • VoLTE

With the JioPhone, you may make high-definition (HD) voice calls. While most feature phones support only 2G networks, the JioPhone is the first feature phone to support 4G LTE and VoLTE. The VoLTE support in this phone lets you make voice calls using data packets.

  • Jio Apps

You will be able to access the Jio app suite with this phone. You may chat with friends and family using the JioChat app, which is an instant messaging app. The phone also supports music and video apps that let you access and play online videos and music. This is a huge addition in comparison to other feature phones.

  • Voice Commands

The phone supports voice commands. It lets you make calls, send text messages, and ask for audio and video playbacks via the Jio apps, through your voice.

  • Near Field Communication (NFC)

JioPhones are soon going to roll out a new feature in which you will be able to make online transactions via your bank account, Jan Dhan account, and the Jio money app.

  • Distress feature

JioPhone’s distress call feature may be activated by long pressing number 5 on the phone’s alphanumeric keypad. After this, the phone will send a distress message to selected contacts.

  • Screen Mirroring

JioPhone will come with a product known as a TV cable. This cable will connect the JioPhone to any TV set like LCDs, smart TVs, and CRTs. Through this, you will be able to mirror online videos running on your phone on the TV screen. This feature will work only if the user recharges with the INR 309 Jio Dhan Dhana Dhan plan.

Specifications of JioPhone

JioPhone has a 2.4-inch QVGA screen. It has an alphanumeric keypad and four-way navigation key. The phone has an FM radio, torch light, microSD card slot, and a camera. It is powered by a Qualcomm Snapdragon 205 processor.

About Reliance Jio

Mukesh Ambani led Reliance Jio is the telecom arm of Reliance Industries Limited (RIL). The company was launched in September 2016 and has since then seen rapid growth.

Summary

Reliance Jio has released a new feature phone called JioPhone. It has smartphone-like features and is expected to disrupt the feature phone market.

RIL Becomes the Most Honored Company while Jio Offers Discounts on its Smartphones

July 19, 2017

Mukesh Ambani’s Reliance Industries Limited (RIL) has added another recognition to its growing list of awards. The company was recently given the title of the Most Honored Company for 2017 in the oil and gas sector in Asia.

Institutional Investor Magazine survey

The survey was taken by Institutional Investor Magazine. The magazine took feedback from top fund managers and analysts from the buy side as well as the sell side. RIL’s Srikanth Venkatachari, the Joint Chief Financial Officer (CFO) and Alok Agarwal, the CFO of RIL were voted as the third best in the Best CFO category. Hemen Modi, the Head of Investor Relations at RIL was ranked as the second highest person in the Best Investor Relations Professional category.

About Institutional Investor Magazine

The Institutional Investor Magazine is a financial publication. The magazine has a global circulation of around 115,000 and publishes two editions—an American edition and an International edition. The magazine also offers propriety research, ranking, and a host of other important financial information.

About RIL

RIL is a conglomerate of a number of companies whose activities include petrochemicals, refinery, lifestyle products, telecommunications, and more. It is the largest private sector corporation in India. It is also a Fortune 500 company. The company was founded by Dhirubhai Ambani and its current chairman is Mukesh Ambani.

Apart from its oil and gas company, RIL’s telecom arm, Reliance Jio Infocomm is also doing well in the Indian telecom market.

Jio’s new plans

The new Jio Dhan Dhana Dhan plan announced by the telecom company is 33 percent costlier than the previous one. However, to save customers from disappointment, the company has decided to greatly decrease the prices of its LYF branded phones.

Prices of LYF phones

Mukesh Ambani led Reliance Jio has made its LYF smartphones cheaper by up to 60 percent. All LYF smartphones are 4G-enabled. Here is a list of how much the smartphones cost now and how much you will be able to save by buying them at a discounted price:

  • LYF F1 Black

Originally priced at INR 16,499, the phone now costs INR 9,499. This means that you will be able to save INR 7000 due to the 42 percent discount.

  • LYF F1S Black

Originally priced at INR 20,249, the phone now costs INR 9,499. This means that you will be able to save INR 10,750 due to the 53 percent discount.

  • LYF Water 1 White

This smartphone happens to be the best deal on the website. Originally priced at INR 17,399, the phone now costs INR 6,898. This means that you will be able to save INR 10,501 due to the 60 percent discount.

  • LYF Water 11 Gold

Originally priced at INR 11,699, the phone now costs INR 7,249. This means that you will be able to save INR 4,460.

There are discounts available on other smartphones, too on the official Jio and LYF websites.

Summary

Reliance Industries Limited (RIL) was recently awarded the title of the Most Honored Company by the Institutional Investor Magazine. Apart from this, its telecom arm, Reliance Jio is offering heavy discounts on its LYF branded smartphones.

Reliance Jio Introduces New Tariff Plans for Prime Members

July 12, 2017

With the Jio Dhan Dhana Dhan offer and the Jio Summer Surprise offer due to get over soon, Mukesh Ambani’s Reliance Jio, the telecom arm of Reliance Industries Limited (RIL) has introduced two new plans.

Jio’s two new plans

The two new plans of Reliance Jio are INR 349 and INR 399 introduced for Prime members. Following are the benefits customers will gain from them.

  • The INR 349 plan is valid for 56 days for prepaid subscribers and two months for postpaid subscribers. It offers 20 GB 4G data.
  • The INR 399 plan is valid for 84 days for prepaid subscribers offering 84 GB 4G data. It is valid for three months for postpaid subscribers and gives 90 GB 4G data.

Changes to Jio’s other existing plans

Along with the above, Jio is offering plans ranging from INR 19 to INR 9,999. It has also made changes to some of its existing plans:

  1. For Prepaid plans:
  • INR 309: It has increased the pack’s validity from 28 days to 56 days.
  • INR 509: It has increased the pack’s validity from 28 days to 56 days.
  • INR 999: It has increased the pack’s validity from 60 days to 90 days and data from 60 GB to 90 GB.
  • INR 1,999: It has increased the pack’s validity from 90 days to 120 days and data from 125 GB to 155 GB.
  • INR 4,999: It has increased the pack’s validity from 180 days to 210 days and data from 350 GB to 380 GB.
  • INR 9,999: It has increased the pack’s validity from 360 days to 390 days and data from 750 GB to 780 GB.
  1. For Postpaid plans:
  • INR 309: It has increased the pack’s validity from one month to two months.
  • INR 509: It has increased the pack’s validity from one month to two months.
  • INR 999: It has increased the pack’s validity from one month to two months and data from 60 GB to 90 GB.

Every Day More Value plans

The Every Day More Value (EDMV) plans are going to be introduced over and above the Prime exclusive plans. These plans are expected to provide around 20 percent more value to customers in comparison to the best plans of Jio’s competitors.

Other affordable plans

Jio is offering unlimited calls on all its packs. This includes even the INR 19 plan. Subscribers get 200 MB data with this pack. Other affordable plans of the company include INR 49, INR 96, and INR 149. These tariff plans are expected to spread the reach of Jio in rural areas as well.

Price war with rivals

Ever since Mukesh Ambani owned Jio entered the telecom market with its offers and low prices, rival telecom companies have had a tough time retaining subscribers. This has compelled them to cut down their tariffs, resulting in a price war in the telecom market.

Summary

Reliance Jio has introduced new plans of INR 349 and INR 399 for Prime users apart from making changes to its existing plans.

Reliance Jio Helps Companies Get GST-ready with its GST Kit

July 4, 2017

Mukesh Ambani led Reliance Industries Limited’s (RIL’s) telecom arm Reliance Jio has decided to help small and medium enterprises (SMEs) to get ready for GST with its starter kit.

What is the GST Suvidha Provider?

The GST starter kit, also known as the GST Suvidha Provider or GSP is available for INR 1,999. It comes with unlimited voice calling, 24 GB data for a year, a JioFi device and software solutions. In select cities, there will also be doorstep SIM activation for the JioFi device. The kit may be also bought on an EMI basis starting from INR 95.03.

The Retailers Association of India (RAI) has already joined hands with Jio to give the JioGST starter pack service to all its traders and merchants.

What software solution does the GST Kit contain?

The following software solutions are provided in the kit. They are meant to ease the processes of filing tax returns for GST and do not require a computer, printer, or any other accounting or billing software.

  • App-based GST solution

This platform is compatible with any type of billing software and may help SMEs file tax returns under GST.

  • Jio billing application

This can generate summary-wise invoices and has tax codes for a number of different products.

  • JioGST knowledge hub

This hub allows owners to use a special GST Chat channel on JioChat. It also lets them connect with tax experts through seminars, e-mails, and a lot more.

Value of the GST kit

While analyzing the differences between the market value offering for a GST software kit and Reliance Jio’s offering for a similar kit, the company made the following observations:

  • At market value, access to a GST filing software for one year would cost over INR 1,999.
  • At Reliance Jio’s price, the user would get complimentary premium access for the same.
  • At market value, the JioFi device would cost INR 1,999 while the data plan with unlimited voice calling and 2 GB monthly data would cost an additional INR 1,887. This would mean a total of INR 3,886. However, Jio offers the JioFi device and data plan for a total of INR 1,999.
  • Reliance Jio also offers complimentary premium access to the Jio Billing Application for one year. This would normally cost INR 4,999 at market value.
  • On totaling the cost of all the features, it is estimated that the software would cost approximately INR 10,884 at market value while Jio is offering the kit for INR 1,999.

Finding tax practitioners

With Mukesh Ambani led Reliance Jio’s JioGST starter kit, companies may get access to a number of empanelled tax practitioners. It lets the company find the tax practitioner nearest to it and authorize the practitioner to file returns on its behalf.

About GST

The Goods and Services Tax (GST) has been implemented by the Government of India from 1st July 2017. This new tax regime is known as the biggest tax reform since Independence. It has replaced the previous taxation system on all goods and services and is using a four-tier tax slab of 5 percent, 12 percent, 18 percent, and 28 percent.

Summary

Reliance Jio is offering companies a GST kit for INR 1,999 to help SMEs be GST-compliant.