Mobile phone manufacturers have approached the government, more recently the finance ministry, seeking continuation of the differential duty structure and the benefits that come with it, which they fear may become a casualty when the GST comes into effect. Differential rate of duty and incentives
Finance Minister Arun Jaitley has said that economic reforms will shift India’s profile from the current emerging economy to a “more developed” economy. One such key reform that the Modi government is unable to push is the indirect tax legislation, the Goods and Services Tax
President Pranab Mukherjee on Wednesday invited Chinese entrepreneurs to participate in the ‘Make in India’ initiative and said India was committed to providing “conducive atmosphere” for investment from China. The president, who is on a four-day visit to China, said India believes that there is
New Delhi: For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world’s largest single markets.
Taiwan’s Quanta Computer Inc, the world’s top contract PC manufacturer which makes laptops and assembles watches for Apple Inc, said on Thursday it is considering establishing a manufacturing base in India. “We’re gathering materials for evaluation. We’re looking into it,” Quanta vice-chairman CC Leung said