Goods and Services Tax – GST – Dated:- 17-7-2017 – New Delhi, Jul 17 (PTI) – The Communications Ministry will analyse the impact of Goods and Services Tax on telecom subscribers, and approach the Finance Ministry in case consumers or players face genuine problems , Telecom Minister Manoj Sinha said today. The GST rate for telecom services is 18 per cent. This is higher than 15 per cent that consumers paid on their phone bills in taxes and cess, before July 1. However, under GST, the telecom operators will also get the benefit of input tax credit, bringing the overall effective rates lower for consumers. If there are genuine problems then definitely I will consult the finance minister….We will analyse what people were paying earlier, the
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t of GST. GST Council and Government will see to it, he said. Sinha said the proposal on the second phase of Bharat Net project – which seeks to provide broadband connectivity to 1.5 lakh gram panchayats – has been sent for cabinet approval, and hoped that it will be taken up shortly. An official familiar with the proposal said overall outlay for the project stands at ₹ 42,068 crore. This includes ₹ 11,148 crore for first phase, and ₹ 18,792 crore for second phase. Additionally, there are expenses for last mile connectivity and operations and maintenance cost, the official added. The ministry expects to usher in the New Telecom Policy before March 2018, Sinha said. A lot of things have changed in the last five years…New
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