archivetax structure


FAIITA Meets IT Minister; Seeks Flat 18% GST For IT Products

New Delhi: Federation of AII India Information Technology Associations (FAIITA), the national umbrella body over all state IT federations/ associations met the central minister for IT and communications, Ravi Shankar Prasad to put forward their demanded to rationalize the tax structure to ‘Flat 18%’ for IT products. The association represents 30 thousand member-business organizations across India, pursuing business nearing to 20,000′00 Cr and welcomes GST initiative of “One India One Tax”. “We are hereinafter submitting concerns arising from differential tax slabs for various IT components, accessories, Networking equipment and spares,...