IT Sector urges FM to lower GST on telecom services to 12%
By TIOL News Service
NEW DELHI, DEC 12, 2017: IN their interaction with the Union Finance Minister, Mr Arun Jaitley, IT Industry representatives sought Govt's help at Policy level to ensure combat visa restrictions issues as also to ensure our economic interests.
Similar to steps taken in previous budget to promote indigenous manufacturing of electronic goods, they urged that more steps should be taken to include rationalization of the tariff structure with extension of differential excise duty dispensation to mobile handsets/ tablet computers and other specified electronic equipment, should be taken in the forthcoming budget for Promoting Broadband; Access for easier fund for Telecom; Tax free Bond for Telecom; Lowering GST on Telecom services to 12 per cent instead of 18 per cent; BCD on all non ITA-1 products; Depreciation benefits for Make in India; Promote components hub; Keep Electronics Sector out of RCEP and increase import duty on Mobile handsets.
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