Post-Budget reaction by Kobian
Post-Budget quote from VP-Business at Kobian Pte Ltd Sushmita Das:
Governments’ initiatives have given the Indian IT industry some reason to cheer the Budget 2014 by allocating Rs.7060 crore for smart cities, Rs.500 crore for bridging the digital divide, a 100 crore for technology development fund and several other e-governance. It is a good sign that there will be no additional duty on components that go into the manufacturing of PCs, as earlier; there was a 4 percent tax. This year, we can also expect support towards our production and research from GST law. Online and mobile advertisements, digital/ web/ social media agencies will have additional service tax now; this may face a negative impact.
