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Animal Husbandry Minister Talasani Srinivas Yadav
Animal Husbandry Minister Talasani Srinivas Yadav

Mobile phones in TS to be cheaper, VAT reduced by 9%

Hyderabad: The Telangana Assembly on Wednesday passed a Bill reducing the Value Added Tax to 5% from 14.5% on cell phones.

Introducing the Bill in the Assembly, Minister Talasani Srinivas Yadav said that the aim of reducing VAT on mobiles by 9% would help the state in curbing the state’s revenue diversion to neighbouring states due to higher taxes.

He said that the state would gain Rs. 5 crores due to reduction in VAT on mobile phones. Opposition parties also supported the Bill to seeking VAT reduction stating that the move will benefit the common people. (INN)

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