The industry is seeking redressal of the issues created by different rates of taxation for different categories of toys which is impeding the process of going up in the value chain for the sector."Mechanical toys attract 12% GST while tax on electronic toys is 18%.A mere addition of a bulb or a sound mechanism changes the classification of the toy. This itself is acting as a barrier to many more companies moving to manufacturing of more sophisticated toys," chairman of the Toy Association of India Manu Gupta said.Around the world, electronic toys are 70% of the market and the differential duty structure is acting as a barrier to address this huge segment.
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