Govt collects ₹3.25 lakh crore in taxes in lieu of ₹19,000 cr mobile PLI: Vaishnaw
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- ✓The government collected ₹3.25 lakh crore in taxes after paying ₹19,000 crore in mobile production incentives, Ashwini Vaishnaw said on Wednesday.
- ✓The minister shared that the scheme helped generate ₹25,000 crore in direct tax and ₹3 lakh crore in GST.
- ✓Electronics manufacturing now employs 25 lakh people across the country.
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- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Ashwini Vaishnaw said the government paid ₹19,000 crore in incentives and collected ₹25,000 crore in direct tax plus ₹3 lakh crore in GST from beneficiaries
The government has collected a total of ₹3.25 lakh crore from the mobile phone industry in lieu of the ₹19,000 crore mobile production-linked incentive doled out to the segment, according to data shared by Union minister Ashwini Vaishnaw on Wednesday.
The stats shared by the Union electronics and IT minister on X showed that the government paid ₹19,000 crore in incentives under the scheme and in return collected ₹25,000 crore as direct tax and ₹3 lakh crore in the form of Goods and Services Tax (GST) from the beneficiaries.
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