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In fact, the five-year smartphone PLI scheme<\/a> will leave a revenue surplus of Rs 11,000 crore if only the Centre's GST (goods and services tax) collections are taken into consideration, industry body India Cellular and Electronics Association<\/a> (ICEA<\/a>) pointed out in a June 5 letter to the finance ministry.
The government had increased the GST on mobile phones to 18% from 12% on April 1, 2020, the day the smartphone PLI scheme was announced.
As per India ICEA, over the last three financial years-- FY21 to FY23--the incremental GST of 6% has resulted in an additional cumulative revenue of Rs 42,897 crore. The total GST on mobile phones for the three-year period stood at Rs 1,28,691 crore.
The final adjusted total outlay for the smartphone PLI scheme for a 5-year period now stands at Rs 38,601 crore as against the original Rs 41,000 crore, as iPhone-maker Pegatron<\/a> started a year late. So far, the total disbursement for smartphone PLI stands at Rs 1,644 crore.
“Currently, since only Rs 1,644 crore has been claimed as part of the PLI scheme till March 31, 2023, the incremental GST has created a surplus of Rs 41,253 crore,” the ICEA said in the letter addressed to revenue secretary Sanjay Malhotra.
Calculating that, the incremental GST over the course of the smartphone PLI scheme would be around Rs 1,01,697 crore, the ICEA said. Of this, the central government will collect Rs 50,849 crore while retaining only its 50% portion, far more than the total outlay of the scheme.
“In summary, even if only the Centre's GST was to be taken into consideration, the smartphone PLI scheme over the five-year period is 100% self-sustaining and will leave a revenue surplus of Rs 11,000 crore,” the industry body said.
The total GST contribution during the tenure of the smartphone PLI scheme is expected to the tune of over Rs 3 lakh crore. The scheme was deferred by one year for the majority of the companies due to the pandemic and will now end in 2025-26. All the selected companies, barring Samsung<\/a>, have taken the deferment.
As per data shared with the government, since the scheme came into effect, over 120,000 new direct jobs have been created in the electronics sector, particularly in the smartphone manufacturing<\/a> ecosystem.
On average, over 60% of these new jobs are now occupied by women in the age group of 19-24, most of whom are first-time job seekers. By conservative estimates, at least 250,000 new indirect jobs may have been created to support the fast-growing electronics manufacturing ecosystem.
The mobile phone exports have been gradually increasing due to the PLI scheme. In FY 2022-23, smartphone exports reached a high of $11.5 billion, a growth of over 50% over the previous year.
The government has set a target of achieving $300 billion worth of electronics manufacturing by 2025-26, with $120 billion expected to come from exports. In this, mobile phones exports are expected to contribute more than $50 billion by 2025-26, emphasising the importance of mobile phone manufacturing and exports within the electronic ecosystem.
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事实上,五年智能手机PLI方案将11000卢比的收入盈余如果该中心的销售税(商品和服务税)集合是考虑,行业组织印度手机和电子协会(工商东亚)指出在财政部6月5日的信。
政府已经增加了手机的消费税从18%降至12% 4月1日,2020年,智能手机PLI计划宣布的那一天。
根据印度工商东亚,在过去三年金融——FY21 FY23——6%的增量销售税导致额外的累计收入42897卢比。三年的手机总销售税站在Rs 1, 28691卢比。
最后调整总费用的智能手机PLI计划5年时间已达38601卢比对原来的41000卢比,为业和硕联合开始一晚。到目前为止,智能手机的总支付PLI高达1644卢比。
“目前,因为只有1644卢比已经声称作为PLI计划的一部分,直到3月31日,2023年,增量销售税创造了41253卢比的盈余,”成员在信中说她写给收入桑杰Malhotra部长。
计算,增量销售税的智能手机PLI计划将Rs 1左右,01697卢比,ICEA说。,中央政府将收集50849卢比,同时保留只有其50%部分,远远超过总费用的计划。
“总之,即使只有中心的销售税将被考虑,智能手机PLI计划在5年期间自我维持和100%会离开11000卢比的收入盈余,“行业机构说。
总销售税贡献的任期期间智能手机PLI计划预计将超过3十万的卢比。该计划被延期一年的大部分公司由于大流行,现在将结束在2025 - 26所示。所有选定的公司,除非三星已经延期。
根据数据共享与政府,计划生效以来,已经创造了120000个直接就业在电子领域,特别是在智能手机制造生态系统。
平均超过60%的这些新工作现在由女性占据在19到24的年龄组,其中大部分都是初次求职者。保守估计,至少有250000新创建的间接就业岗位可能是支持快速增长的电子制造业的生态系统。
手机已经逐渐增加出口由于PLI方案。在2022财政年度- 23,智能手机出口达到115亿美元,比上年增长50%以上。
政府已经设定了一个目标的实现价值3000亿美元的电子制造业2025 - 26日以1200亿美元将来自出口。在这方面,手机出口预计将提供超过500亿美元的2025 - 26日强调手机制造和出口的重要性在电子生态系统。
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