Page 4 - Mobile Design News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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URL copied Mobile industry raises demand for GST rate cut in Budget Industry body India Cellular and Electronics Association (ICEA) has renewed its demand for reducing Goods and Services Tax (GST) for the mobile industry ahead of the Union Budget to be presented on February 1. Terming the GST hike of 50 per cent in March 2020 as "a cruel blow" dealt to the industry, the ICEA said that the rationale presented to the GST Council for raising the rate was "flawed". "To achieve the goal of smartphones in the hands of every Indian and to attain a domestic mobile phone market of $80 billio...

Budget 2021: Mobile industry raises demand for GST rate cut - The industry body also sought interest subvention of 5 per cent for loans up to Rs 1,000 crore and a credit guarantee of Rs 100 crore.