Digitisation will fetch govt Rs.5k cr in tax annually
Gireesh Chandra Prasad, Ashish Sinha: New Delhi, Nov 19 2012, 01:44 IST
duty etc). At this rate, the Centre should get at least R7,000 crore in taxes, which it doesn’t, said a senior official. The digitisation plan is aimed at fixing the problem apart from providing consumers access to high-quality cable experience, he said.
As per an internal note sent to the finance ministry, the central government accrues an annual loss of nearly R1,800 crore due to under-declaration in the analogue cable regime. Under a pan-India digitized cable regime (where every consumer is accounted for), the government will stand to gain nearly R3,000 crore in taxes with almost R1,000 crore coming from service tax, R1,400 crore from income tax and balance from other taxes. Similarly, nearly R2,000 crore in taxes will be contributed by the 45-million plus direct-to-home subscriber base.
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