Proposed service tax on spectrum to increase mobile bills
The Cellular Operators Association of India (COAI) said that the Finance Bill 2016 proposal to declare spectrum allocations as services will result in an additional tax burden of Rs. 77,000 crore for the telecom operators. Customer will end up paying higher tariffs for telecom services as this additional tax levied will be passed on to them. "The service tax levy on spectrum assignment means that during auctions lined up for... Read More