Business Companies 06 Feb 2017 Concessions to Apple ...

Concessions to Apple under GST regime not feasible: Hasmukh Adhia

DECCAN CHRONICLE
Published Feb 6, 2017, 12:38 pm IST
Updated Feb 6, 2017, 12:48 pm IST
Apple wants exemption on electronic goods brought into country for its proposed facility for a period of 15 years.
Revenue Secretary Hasmukh Adhia. (Phot: File)
 Revenue Secretary Hasmukh Adhia. (Phot: File)

Mumbai: Revenue Secretary Hasmukh Adhia has made it clear that the government cannot extend concessions to Apple Inc under Goods and Services Tax regime, The Economic Times reported.

"There is no way we can give individual exemptions under GST regime," ET quoted the revenue secretary as saying. We have limitations giving exemptions under GST, he added.

 

The Cupertino-based iPhone maker plans to set up iPhone-manufacturing facility in Bengaluru for that it has sought a number of relaxations in rules from government.

Exemption from countervailing duty on foreign items brought into country was one of them. Countervailing duty is a tax imposed on imports of select items to prevent their dumping.

The US tech-giant wants electronic goods imported to India for making iPhones should not be brought under the purview of countervailing duty for a period of 15 years.

However, the all-powerful GST Council, nodal agency for GST related matters, would take a final call on Apple's demands.

 

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