Telcos wants ₹35,000cr input tax credit refund, GST waiver on licence fee
Fri, Jan 14, 2022 10:34 PM

Telcos wants ₹35,000cr input tax credit refund, GST waiver on licence fee

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Telecom operators seek a refund of input tax credit (ITC) of around ₹35,000 crores from govt. In addition, reduced levies and waive GST on licence fees and spectrum usage in the upcoming Budget. According to pre-Budget recommendations of telecom industry body COAI, the telecom sector wants the government to suspend universal service obligation fund to reduce burden on the service providers.

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