The rollout of the goods and services tax (GST) in the financial year 2017-18 could make it difficult for the government to provide the concessions sought by iPhone-maker Apple Inc for manufacturing its flagship devices in the country, reported The Economic Times on Monday.
The financial daily quoted Revenue Secretary Hasmukh Adhia as saying that giving individual exemptions under the GST regime was not possible. So, Adhia explained, all countervailing duty (CVD) exemptions would go.
As reported earlier, the Cupertino, US-headquartered company continues to engage in talks with the central government over full-scale manufacturing of its