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BW Businessworld

'GST Is The Solution To All Problems. Implement It'

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The overall IT hardware market last year was $13 billion. Out of this, about 90 per cent is imported and the rest manufactured locally. This provides a big opportunity for domestic manufacturing sector, says Anwar Shirpurwala, Executive Director, MAIT, talking to BW|Businessworld about his expectations from Budget 2014. Shirpurwala has suggested that there should be an agenda for the govt as well as industry to improve the condition of the industry.

One of the most prominent demands of the hardware sector is to provide correction of the inverted duty structure. The imported product turns out to be much cheaper than the local product and hence some tax correction is necessary. Here are Shirpurwala's expectations from the Budget.
 
  • The industry would get a boost if there the special additional duty of 4 per cent.
  • Providing special concessions to PC incluinf desktops and notebooks as well as tablet manufacturing
  • Make it easy to do business in the country. Set up a cell to classify the products
  • Inclusion of all IT products in declared goods. Right now, every state implements a VAT structure.
  • Finally, GST is the solution all the problems. The sooner it happens, the better it is.