Kapil Sibal says give mobile phones, tablet special status, make prices fall 7%
The ICA President said the move will act as a deterrent to grey market and state governments should work on rationalisation of taxes on mobile phones.
"Many Chinese phones sold in grey market don't pay VAT (Value Added Tax). It is very ironical to see that a laptop costing Rs 1 lakh is taxed at 5 per cent rate where as mobile phone which comes at low price is taxed at rate of more than 12.5 per cent in many states," Mohindroo said.
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