Hyderabad, December 27: There is a good news for Telangana people, especially for smart phone lovers.The telangana state government planned a proposal, which states that "The reduction of prices of the smart phones about 10%".
Presently, Cell phones are having charge of VAT about 14.5% in Our Telangana. The government has decided to take it to the 5 per cent reduction because of KCR.
In our neighboring states like Andhra Pradesh, Karnataka are have charges only 5% of VAT(Value Added Tax) on cell phone prices.So,our public were diverted towards those states to buy the cell phones.
However, the KCR's government reinitialized that,"Our business moving towards other states" and decided to decrease the VAT charges on mobile phones prices.
In case of mobile phone sales, High court also involved regarding to tax charges.Hence, The Govt. thinks that, it better to decrease the VAT charges on mobile phones. The bill is currently in the forefront of the legislature.
Hence,The reduction in tax rates that would make the purchase of the majority of cell phones in the state.Due to these increase of mobile sales, Govt. expecting that additionally Rs.5 crores of revenue will added to the treasure.