NEWS
IT Taxation is high in GST - Mohit Aggarwal, Proprietor, Eurotech Infosys
By VARINDIA - 2018-03-16
Mohit Aggarwal, Proprietor, Eurotech Infosys
GST is a good initiative but if you see in the taxation part the IT taxation is very high. In IT products, the government is charging 18% tax. The Digital India initiative of Prime Minister Modi encourages the adoption of IT products so the tax should be at 12% rather than 18%. After GST, we are observing a crunch in the market and the sales are going down. We expected that the sales should be 4-5 times as there are a lot of compliances in GST and nobody can do it through mobile and because of that the sales should increase but it has not happened.
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