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Datawind hopeful that inverted duty corrections will extend to computing devices

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NEW DELHI: Datawind president and CEO Suneet Singh Tuli has expressed hope that corrections in the inverted duty structure is extended to laptops and computing devices in the budget this year.

Tuli said correcting the inverted duty structure was an important step to boost handset manufacturing. 

?The Union Budget 2016 expects to aim at growth of the economy and to raise the country?s profile as an investment destination,? he said.

He added the year 2015 saw ?double digit growth? for both handset and tablet manufacturing due to the favorable duty structure and therefore hoped the government will make serious attempts to push for the Goods and Service Tax (GST) Bill to simplify the current indirect tax structure by doing away with the multiplicity of taxes. 

He said the industry was ?hopeful of a common GST compliance, which will be done by all kinds of businesses, whether manufacturers, service providers, traders etc. We hope that the GST rate is reasonable and in the range of three - five per cent.?

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