Pre-budget Expectations – Technology industry

Rajesh Murthy

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By Mr. Rajesh Murthy, Vice President at Intellicus

Govt. should further encourage digitization of companies and 100% made-in-India software products. At present, the GST with the full input tax credit is 18% for all software products produced and sold in India. We expect this rate must be tapered down to support indigenous creators of software IP in India.