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|11th October 2006, 00:36||#1|
Join Date: Feb 2005
Location: San Jose, CA
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Broadband providers taxed for "Light energy"
The Hindu is reporting that the Indian Government is trying to tax optical broadband providers (think fiber to the premises) for generating 'light energy.' According to the Commercial Tax Department, optical broadband providers operate on light energy which is 'artificially created and sold to customers for the purpose of data transmission and information.' This classification would make Internet access goods (since you are buying light) as opposed to service — and would be subject to a 12.5% VAT.
Hindu Link : http://www.hindu.com/2006/10/10/stor...1012450400.htm
|11th October 2006, 09:33||#4|
Senior - BHPian
Join Date: Jul 2006
Thanked: 1,073 Times
Well the article certainly belongs on the joke thread..This just goes to show how ignorant and stupid our government is..
|11th October 2006, 22:22||#6|
Join Date: Apr 2004
Thanked: 4 Times
and our country is anyways short of bandwith now they're thinkin of taxing it .. why dont they think long term for a change
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