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Quest to Be the World's Factory- Business News

Quest to Be the World s Factory
With total incentives committed going as high as Rs 1.99 lakh crore over five years, PLIs now rival some of the biggest Government of India outlays such as Rs 3.05 lakh crore for reforms-based result-linked power distribution sector scheme and the Rs 1.4
Rajeev Dubey, Editor, Business Today
The Production Linked Incentive (PLI) Scheme - India s valiant answer to domestic and foreign manufacturers eternal gripe that producing in India was hopelessly unviable because of high taxes, high cost of logistics, finance, land, power and an endless list thereafter - was introduced for mobile manufacturers in 2020.
The Government of India s commitment to provide cash incentives up to 4-6 per cent of revenue from incremental local manufacturing aimed at import substitution got such an excitable response from companies that the Centre made mobile PLI the template to launch it in 12 other sectors. With total incentives committed going as high as ....

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Input Tax Credit must be paid on towers: TAIPA

Input Tax Credit must be paid on towers: TAIPA
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Last Updated: Jan 22, 2021, 05:07 PM IST
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Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST paid by them on telecom towers, which acts as an impediment to make further investments,” said T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA).
New Delhi: India’s telecom tower body has urged the telecom department and finance ministry for inclusion of towers in the definition of items eligible to avail input tax credit under the GST Act.
Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST paid by them on telecom towers, which acts as an impediment to make further investments,” said T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA). ....

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