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Indian mobile phone industry seeks GST reduction on handsets, citing essentiality and economic benefits.
The Indian mobile phone industry is pressing the government to slash the Goods and Services Tax (GST) on handsets from 18% to 5%, arguing that smartphones are now essential for daily life and digital inclusion.
The current high tax rate, they say, is slowing down replacement cycles and reducing sales.
The sector, which is the second-largest mobile phone manufacturer globally, claims that lowering GST would boost affordability and strengthen India's manufacturing base.
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La industria india de teléfonos móviles busca una reducción de GST en los teléfonos, citando la esencialidad y los beneficios económicos.