@Handset sales
VAT Hike Hits Mobile Phone Sales
by CXOtoday Staff    Jul 14, 2009
Category : News & Analysis
Technology : Infrastructure
Handset sales fell 75% in Maharashtra during the first ten days of July as compared to the same period in June. This follows the increase in value-added tax (VAT) from 4% to 12.5%, effective July 1. Following the hike in VAT, the Indian...