Tax proposal on spectrum will put telecom industry at risk: Assocham
The Associated Chambers of Commerce and Industry of India (Assocham), in a letter to Finance Minister Arun Jaitley, said that the proposed 15% service tax on all spectrum allotment by the Centre and spectrum transactions between licensees will place the telecom industry in a precarious financial position. The industry body said that the move would raise cost of acquiring spectrum by up to 71%, dealing an additional blow to debt-laden... Read More
