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GST EXEMPTION FOR TELECOM
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Budget 2026 Wishlist: Telcos' body COAI seeks cut in regulatory leviesTelecom industry body COAI has urged the government to reduce regulatory levies, including the license fee to 0.5-1% from 3%, in the upcomi...
Govt extends customs duty exemption to this key telecom sector segmentThe government extends customs duty exemption for vessels engaged in laying submarine cables to September 30, benefiting the telecom sector...
Pre-Budget sector watch: TelecomThe year 2023 is expected to be one of the peak investment years for telcos as they set up infrastructure for their 5G services across the ...
Input Tax Credit must be paid on towers: TAIPA"Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST paid by them on telecom towers, which ac...
Telcos seek lower levies, taxes in upcoming Budget“In this challenging time, the industry also faces major upcoming expenses on infrastructure upgradation like spectrum auction, 5G introduc...
COVID-19 crisis: COAI urges government for cut in levies, seeks relief measuresIn a letter to Finance Minister Nirmala Sitharaman, the Cellular Operators' Association of India (COAI) also made a plea for refund of the ...
Telcos urge DoT to address financial stressThe government officials has assured the industry that additional issues like request for dynamic IP addresses, additional backhaul spectru...
Government can’t slap GST on license fee: Companies drag taxman to courtCompanies have filed a writ petition in the Goa bench of the Mumbai HC and are challenging that the government can't charge indirect tax fo...
Banks, telcos, insurers may be exempted from GST e-invoicesBanks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invo...
Telecom companies won’t get input tax credit refund: Sushil ModiDemand for Rs 36,000 crore relief not considered, says convener of the GoM on Integrated GST. Telecom service providers have been urging th...
Industry in agreement on need to cut levies, streamline GST issues: COAI"On the larger issue of need for a telecom relief package, a view can be taken by the telecom department based on their due diligence.
Telecom companies want GST on spectrum, licence fees scrapped or refund of input creditsCOAI plans to write to the DoT to explain how their burden will ease if payment of regulatory levies by telcos is exempted from GST, people...
Telcos seek customs duty exemption on 4G gearThe phone companies have also sought a cut in the withholding tax on discounts extended to prepaid distributors among key recommendations i...
No IGST on imports under export promotion schemesA number of IT and telecom products do not face any basic customs duty as India has committed to exempt these items under the Global Inform...
Phone bills, insurance, banking, business class travel to become costlier with GSTTax rates for services were announced today after the GST Council meeting, with an 18 per cent rate for telecom and financial services, up ...
GST rate for services: Arun Jaitley gives you all the detailsThe Goods and Services Tax Council broadly agreed on 4 tax bracket for services, though they are yet to decide on a tax bracket for gold.
India unlikely to provide exemption from countervailing duty: Hasmukh Adhia“I don’t think that the government plans to provide such a subsidy. Duty differential was created to encourage Make in India," Adhia said.
Assocham, KPMG warn against sharp anomalies in GST ratesThe paper said differential rates are leading to ambiguity and complexity in determining the value on which service tax is payable,.
Rise in tax rate under GST to increase cost of telecom service: COAIThe COAI has warned that any increase in rate of indirect tax from 12% service tax to a higher rate under GST would increase the cost of te...