The finance ministry led committee came out with four
slab based tax on goods and services to reduce the complex taxation system of
India. On the one side it's a welcome step to attract FDI as well as for the
movement of goods within India.
Based on the article published in one of the leading
newspaper that Smartphone will attract lower tax rate given the fact that
Indian Government want every citizen of India to use Smartphone and experience
seamless digital India. On a contrary,
the mobile bill will be increased as higher tax imposition under service tax
slab. Government indirectly increased service tax to 18% which will hit the
mobile phone user pocket.
What I am going to do with my Smartphone when I know
that the usage will hit me hard at the end of day.
I can also understand that governments don’t want to lose
valuable tax revenue from Telecom sector.
In my point of view, mobile communication should be placed
as basic services and should be taxed with lowest tax slab so that bill amount
goes down and ultimately network usage goes higher.
What do you think? Please drop your comment.
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