June 27th, 2017 6:19 PM 9 COMMENTS

Prepaid Users Get Relief From GST; Telecom Companies To Bear the Cost: Report

Starting July 1st, most Indian Telecom companies will be absorbing the impact of higher tax rates under the goods and services tax (GST) regime, instead of passing it on to their customers. Under GST, all Telecom companies will be charged an extra 3% for their services; however, most companies have unanimously made a decision to bear the tax hike themselves instead of charging their users, especially those on the full... Read More

June 2nd, 2017 3:37 PM 13 COMMENTS

Indian Telcos Seeks 12% GST Rate on Service, to Write Letters to Govt

Indian telecom operators, through lobby body, the COAI, are planning to write to the finance and telecom ministries to lower the proposed goods & services tax (GST) rate of 18% on telecom services to 12%. With this move, the telcos aim to ensure parity with the applicable tax rate for mobile handsets, while pushing for an extension to the July 1 deadline for implementation of the new tax regime, according... Read More

May 26th, 2017 10:35 PM 32 COMMENTS

Government Asks Telcos to Cut Prices to Pass GST Benefits to Customers

The Indian government has asked telecom service providers to rejig cost and lower prices to pass on the benefits of tax rate reduction under the Goods and Services Tax (GST) to customers in the country from July this year. "After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to... Read More

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