Analysing impact of GST, input credit in telecom sector
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.
\nThe 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.
\n"If there are genuine problems then definitely I will consult the fi<\/p>\n
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\n"But players also cannot go against the spirit of GST.
\nGST Council and Government will see to it," he said.
\nSinha 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.
\nAn 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.
\nThe ministry expects t<\/p>\n
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